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China ceded the position to Japan as the biggest foreign lender to the US government last October as the country had spent a portion of its massive foreign exchange reserves to stem the depreciation of the yuan and to curb capital outflows.

China has demonstrated tremendous capability in seizing opportunities and maneuvering in a complicated international environment. So, we believe the economy will continue to progress.

China has become one of the largest growth engines for the international express delivery market. However, experts said multinational logistics giants have maintained their dominant position in international air cargo delivery.

China has made major strides in manufacturing in the past decades. It now boasts 41 industrial divisions, 207 groups and 666 classes of products and services. But it still faces challenges in a string of sectors including semiconductors, crucial components for industrial robots, and some key industrial materials.

China has made major achievements in fighting COVID-19 after arduous efforts, but coping with the new virus has also exposed some deficiencies in the country's epidemic prevention and control system and public health emergency management, he said.