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China's market entities have surpassed 100 million units in mid-March this year, including over 31 million enterprises. "The increasing number of market entities indicates that China's market vitality is increasing. The supply-side structural reform in the past two years has achieved substantial progress. The government's administrative reform and transform government functions, especially some measures to reduce cost and improve the business environment had positive progress," Niu said.

China's crude oil output grew 0.8 percent year-on-year to 190 million tons last year, snapping the declining trend since 2016, said the National Bureau of Statistics. About 650 million tons of crude oil were processed in 2019, up 7.6 percent year-on-year, while the country aims to increase its annual domestic crude oil output to more than 200 million tons this year, said the bureau.

China's economy is undergoing an important stage of structural transformation. Innovation will play a central role in driving long-term growth, so I believe this development will be a positive one for the country's future in the years to come.

China's economy volume ranks second worldwide now, compared with the 8th slot in 1970.

China's nuclear industry has grown rapidly over the past three decades.