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China is learning from the United Kingdom's vocational education system as it moves to improve the skills of its talent pool.

China has rolled out 15 opening-up measures in the banking and insurance sectors, which have been largely put into place now, since President Xi Jinping reaffirmed China's commitment to further financial opening-up at the Boao Forum in April last year, said Guo, who is also the chairman of the China Banking and Insurance Regulatory Commission.

China is the largest market in the application of AI technology; China's economy has developed to the extent that innovation is much understood and welcomed by the people, and AI products are popular among families and children, he said.

China has the world's longest high-speed rail network, with 22,000 km currently in operation. About one-third of the country's high-speed railways were designed to run at a speed of 350 km per hour.

China has showcased its real combat capabilities in a military parade at a training base in Inner Mongolia to mark the 90th anniversary of the founding of the People's Liberation Army.