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"China has an edge in hardware, but more efforts are needed to develop tailor-made software for supercomputers, in order to widen its application," Wang said.

"Children have now become taller after their lives have improved, compared with the lives their parents and grandparents had decades ago," Wang said.

"China is a resource-rich country, but the ore grade is relatively low and some resources are not easily accessible."

"China has started relatively late in the development of commercial endowment insurance and thus lacks enough experience. It is important to learn from advanced experience worldwide, continue to open up our insurance sector, and in this process, develop our own commercial endowment insurance to meet the needs of an aging society," Li said.

"China has made significant progress in financial inclusion," said the IMF in a report, after it assessed the country's financial sector performance during the past five years. "High levels of account penetration, savings, and usage of payments services have been achieved."