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China's economic development has transformed from the phase of high growth speeds underpinned by high inputs of resources into a new phase that features a slower growth but improvements in the quality and efficiency of growth, according to him.

China's mammoth e-commerce sector, which recorded total sales of 10 trillion yuan (.52 trillion) last year, has given rise to a booming express delivery industry, with plastic bags, cardboard boxes and adhesive tape creating a major trash problem.

China's medical manufacturing industry managed to maintain its momentum amid the COVID-19 pandemic, while boosting nation's efforts of bettering its manufacturing sector and its role in the global medical supply chain, industry experts said.

China's embassy in the United Kingdom has strongly protested about a recent joint letter regarding the situation in Hong Kong that was signed by seven former British foreign secretaries.

China's crackdown on bitcoin exchanges is a sign that the top regulator no longer tolerates cryptocurrency trading in the country as it has fueled illegal fundraising and cross-border money laundering, experts told China Daily.