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China's rapidly growing middle-class consumers, increased economic growth and growing urbanization are all factors that contribute to the positive forecast. Since 2000, China's commercial jet fleet has expanded sevenfold, and approximately 25 percent of all aviation growth worldwide in the past decade has come from China.

China's tax reform, which is to replace business tax with a value-added tax, aiming to boost service industries in China, entered its final phase in May 2016, and it has decreased the total tax and contribution rate by 0.3 percentage points between 2015 and 2016, or an overall tax reduction of 0.8 percentage points, according to the report.

China's top market regulator said on Wednesday evening that a national platform designed to trace cold-chain imports has been established and gone into operation, as part of efforts to fend off risks of COVID-19 infections from overseas.

Chinese President Xi Jinping (R) meets with Chief Executive of Hong Kong Special Administrative Region (HKSAR) Carrie Lam, who is on a duty visit, in Beijing, capital of China, Dec 17, 2018. [Photo/Xinhua]

China's stance on developing its good neighborly and friendly relations with the Democratic People's Republic of Korea (DPRK) is also consistent and clear, spokesman Geng Shuang said at a daily press briefing, when asked to comment on the KCNA commentary.