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China has adopted a strategy of cooperation rather than competition. Its economic growth has been described as an "economic miracle", as it has overtaken many of its old trade and economic adversaries. Its growth model goes back to the late 1970s, when China introduced far-reaching economic reforms.

China has made great strides in the use of plasma therapy to treat coronavirus patients. In March, Yang Huichuan, vice-president of the China National Biotec Group (CNBG), a subsidiary of China National Pharmaceutical Group (Sinopharm), went to Italy to administer convalescent plasma therapy on the sick.

China enhanced management over foreign exchange reserves last year through tightening control over default risks in asset investments and maintaining liquidity, said Pan Gongsheng, SAFE's director and also a PBOC deputy governor.

China has become the largest global market for leading South Korean logistics service provider CJ Logistics, boosted by thriving retail and e-commerce businesses in the country, requiring more high-end and smart logistics services, said a top executive.

China had more than 16 million patients with serious psychiatric problems, and some 4.3 million patients with serious mental disorders by the end of 2015.