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China may need to intensify expansionary fiscal policy aimed at accelerating economic growth through issuing more government bonds to secure funds for investment and targeting GDP growth of 2.5 percent this year, according to a leading Chinese economist.

China plans to make it compulsory to sort household garbage and pay for the treatment of such waste as it amends its law on curbing solid waste pollution, according to head of the country’s top environmental watchdog.

China kicked off the commercialization of 5G services on Oct 31, with China Mobile and two of its smaller rivals rolling out their 5G data plans. In just 10 days since then, Beijing has accumulated more than 40,000 5G subscribers.

China started its reform and opening-up four decades ago. Since then, the Chinese people have worked hard with unity and perseverance and written a great success story in the development of the Chinese nation. China has grown into the world's second largest economy, the largest industrial manufacturer, the largest trader of goods, and the holder of the largest foreign exchange reserves. China now contributes over 30 percent of global growth, and has lifted more than 700 million people out of poverty by the UN standard. Now, China is deepening reform across the board and opening itself wider, and our effort in reform and opening-up will never stop.

China strongly opposes actions that violate resolutions of the United Nations Security Council, Xi said, adding China hopes that the parties concerned will exercise restraint and avoid actions that aggravate tensions on the Peninsula.