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China's commitment to reform and opening-up has delivered significant benefits to the agricultural sector and rural communities through sensible and widespread reform. We do believe there is still more that can be done, particularly in the areas of intellectual property protection and administration, and in the consistent application of the rule of law to protect and encourage innovation and investment.

China's cloud market is becoming increasingly crowded, with domestic and foreign companies competing aggressively. Both Dell and Microsoft's cloud expansion plans come as the companies are locked in fierce competition with Amazon.com Inc.

China's consumption expenditure per capita stood at 21,559 yuan in 2019, up by 8.6 percent in nominal terms year-on-year, or 5.5 percent after deducting the price factor. As the main stimulus for economic growth, consumption spending contributed 57.8 percent to GDP growth last year.

China's digital economy grew significantly higher than the overall economy, becoming a major engine of growth, said the paper.

China's general trade has increased both in volume and proportion, expanding to 15.66 trillion yuan last year and accounting for 56.4 percent of total foreign trade.