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China has more than 150 million stock investors, "and the stock market has become increasingly close to people's daily life," Liu Guixiang, a senior judge from the top court, said on Friday.

China has been witnessing massive overcapacity in its iron and steel sector and has vowed to reduce capacity. It plans to eliminate 100 million tons to 150 million tons of crude steel capacity in the five years from 2016. In 2017 alone, the country slashed its crude steel production capacity by more than 50 million tons, exceeding its annual target, as part of efforts to improve the competitiveness of the bloated sector.

China began to implement the two subsidy systems from Jan 1, 2016.

China has only 165 million skilled workers, accounting for 21.3 percent of the working population. Of those, 47 million are highly skilled, according to Yan Jinghua, vice-president of the All-China Federation of Trade Unions.

China cherishes its friendship with Morocco and is willing to continuously deepen strategic cooperation with the country and strengthen mutual understanding and support, Wang said.