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China has made great achievements in poverty alleviation over the past six years since the 18th National Congress of the Communist Party of China in November 2012. The number of people living in poverty has decreased from 99 million in 2012 to 16.6 million last year, Liu said.

China has experienced rapid economic and social development in the past 40 years. Since opening its doors to the world, China has created a unique model for the development of its market economy and established a dynamic business environment. As the world's second-largest economy, China has played an increasingly important role in the world and made great contributions to global growth.

China has introduced a raft of opening-up policies in the banking and insurance sectors over the last two years, including expanding the business scope of foreign-invested firms and easing market access.

China has become a pioneer in developing and applying the latest mobility technologies thanks to the country's huge market demand and efficient implementation, he said.

China has long been the world's largest producer, exporter, manufacturer and consumer of silk. The total amount of raw silk produced in China was nearly 140,000 tons in 2017, according to latest figures available. Meanwhile, processed silk weighs in at around 7,600 tons.