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China is facing a challenge in caring for the aging population. Chronic diseases are expected to rise in the next five years, said experts. They expect a sharp increase in consumer spending on long-term healthcare. For its part, the government will likely bear a heavier burden of paying more social security fees.

China has slashed the number of people living in poverty by more than 700 million since 1978. Women accounted for about half of those brought out of poverty.

China has set the target of achieving GDP growth at around 6.5 percent this year. In the first quarter, GDP grew at 6.9 percent year-on-year, getting the economy off to a good start, according to data from the National Bureau of Statistics.

China is currently testing 5G across all major cities, provinces and regions, including Shanghai. It is forecasted that 28 percent of China's mobile connections will be running on 5G networks by 2025, accounting for about one-third of all 5G connections globally, according to a report by telecoms lobby group GSMA, which represents the interests of 750 mobile operators.

China is due to unveil a three-year plan to boost the development of the industrial internet, part of broader drive to promote intelligent manufacturing. In November, the State Council issued a guideline, aiming to build three to five industrial internet platforms that will reach international standards by 2025.