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China will expand universal telecom service support and improve school network access in rural and remote areas, said Wen.

China will strengthen fintech regulation, the plan said, and build a fundamental and unified regulatory system. The authorities will accelerate drafting and assessment work for fintech regulations.

China's Belt and Road Initiative creates immense opportunities for its win-win cooperation with the rest of the world. After President Xi Jinping first proposed it in 2013, the initiative has elicited warm responses and wide support from the world. The first Belt and Road Forum for International Cooperation, hosted by President Xi in May last year, attracted more than 1,600 participants from some 140 countries and over 80 international organizations. Five years on, the initiative is becoming an unfolding reality: more than 100 countries and international organizations are now on board, a great many projects have kicked off, trans-national infrastructure connectivity is taking shape, manufacturing cooperation is gaining momentum, governments are doing more to coordinate development policies, and people in the participating countries are benefiting from the Belt and Road cooperation. Five years on, trade between China and other participating countries has exceeded 5 trillion US dollars in cumulative terms, Chinese investment in these countries has exceeded 70 billion dollars and more than 200,000 local jobs have been created. These are clear proof that all relevant countries have benefited from their participation in the Belt and Road Initiative. The initiative is proving to be an enabler of economic growth for many countries, especially developing ones, and it is bringing a new hope for their people. All this is a vivid demonstration of China's efforts toward building a community with a shared future for mankind.

China's Minister of Commerce Zhong Shan said on Sunday that China has no intention to start a trade war with the US and will not initiate one, but the country can cope with any challenge and will defend its national interests.

China's State-run banking system is criticized for being inefficient, but it has given many millions the opportunity to save conveniently and safely. China's long-term emphasis on manufacturing gave young people the steady incomes they needed to invest in themselves. And, local government officials who are graded on economic growth and poverty reduction have a strong incentive to help people escape poverty.