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China's reforms have completely overhauled its economy, urbanized society and improved living standards. The nation has entered a new era with a massive plan for turning into a modern socialist country.

Chinese SOEs gathered steam in strategic industries such as crude and coal but retreated in competitive sectors including food, textiles and medicine.

China's trade in September also represented a robust recovery, with imports jumping 13.2 percent to 2.8 billion and exports rising 9.9 percent to 9.8 billion compared with September of last year.

China's top legislator Li Zhanshu attends a parade marking the 70th anniversary of the DPRK's founding, with the DPRK's top leader Kim Jong-un on Sept 9, 2018. [Photo/Xinhua]

China, the world's second-largest economy, faces challenges in the protection of traditional villages, which are believed to be key repositories of 5,000 years of culture and tradition. In 2012, the central government launched a campaign to protect them, and so far, 4,153 of the most representative villages full of rich cultural relics have been listed and protected as National Traditional Villages.