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China is currently the world's second-largest oil consumer and largest oil importer, and in 2018, the country imported 440 million metric tons of crude oil, a year-on-year increase of 11 percent, with its foreign oil dependency ratio reaching 69.8 percent, according to China National Petroleum Corporation's Economics and Technology Research Institute.

China is including domestic processors in its government procurement plans, as the nation steps up its effort to promote the application of homegrown chips in government agencies and State-owned enterprises.

China has seen new growth opportunities in the emerging board game esports field amid the global COVID-19 pandemic, according to speakers at the 12th China Innovation Forum.

China has three domestically developed vaccines against enterovirus 71, widely known as EV 71, which is the dominant strain of the more than 20 viruses that can cause hand, foot and mouth disease.

China is capable of achieving a growth target of around 6.5 percent this year and domestic consumption will be a key growth driver, He Lifeng, minister of the National Development and Reform Commission, said Tuesday.He said the government will roll out more policies to boost investment, including greater support for private investment. He estimated investment will contribute about one-third to overall economic growth this year.Domestic consumption will be a strong growth driver and could contribute around 60 percent to the growth, along with the development of emerging industries and modern service sector, He told reporters at a news conference on the sidelines of the ongoing annual session of the National People's Congress, China's top legislature.The minister also expected China's foreign trade to maintain stable growth this year, as it is expected to contribute 8 to 9 percent to the country's overall economic growth.