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China is gearing up for more moves to bolster reform and opening-up after President Xi Jinping pledged at the opening of the Second Belt and Road Forum for International Cooperation last month to ease market access for foreign capital, increase imports of goods and services on a larger scale, and boost the protection of intellectual property rights.

China in February launched a project to offer inclusive elderly care, with the central budget allocating 1.4 billion yuan (0 million) to boost the number of nursing beds for the elderly by 70,000, which stimulates both investment and consumption.

China is set to become the world's largest 5G market by 2025, with 460 million 5G users, according to the Global System for Mobile Communications Association.

China is developing new bullet trains with a speed up to 400 kph, and is also researching the next generation magnetic-levitation train with a top speed of 600 kph, said Ding Rongjun, an academician of the Chinese Academy of Engineering, adding that automatic and unmanned drive technology will be used in the future.

China has pledged to eliminate poverty by 2020. In the past five years, over 55 million people have been lifted out of poverty in the country.