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China is already the second-largest economy in the world. And now it continues to grow at a more moderate pace under a new normal. The country is now playing an important role in many areas. For example, China is now the largest automotive market in the world, and the country has more than 220 million registered vehicles. China is also one of the biggest trade markets in both export and import. Besides, China is a big manufacturing nation, and it is also aiming to become a strong one in the coming future.

China is currently on its way to develop innovative industries, which must be close to talent centers and must have gathered sufficient resources. This means that new first-tier cities need to gain new competitive advantages in industrial transformation and increase the attractiveness of population inflows, Sun said.

China hopes to continue working with the European Union to uphold multilateralism and champion free trade as a new EU leadership takes office, Premier Li Keqiang said on Thursday.

China is the world's largest consumer market, with 400 million middle-income people and a large number of rural residents with strong purchasing power, he said, adding this will create huge market space for European firms and promote bilateral cooperation in areas such as the digital economy, smart manufacturing and new materials.

China in 2018 recorded 39 orbital launches involving 105 spacecraft, 13 of which were commercial ventures with 36 combined satellites.