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China is in a transition period which is very crucial not only for its future development but also for the future of the world economy. The Chinese economy is integrated to the world economy and it is important that there is a dialogue between Chinese leaders and foreign leaders. The Chinese culture promotes more soft power than direct confrontation. The way Chinese leaders communicate is also different from foreign leaders. But their active participation shows that China is more open to the world than ever before. China is facing challenges that western economies has faced in the past. It's important for the Chinese leaders to learn also from the financial crisis, which has shaken the world.

China is planning to update the regulation on its top science awards by lifting the restriction on the nationality of winners, Beijing Youth Daily reported on Wednesday.

China is taking its first steps towards paying for imported crude oil in yuan instead of the US dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally.

China has seen double-digit growth in the number of children's books published for two decades, with sales volumes surpassing 20 billion yuan annually, according to a think tank report published in June.

China is also the third largest applicant for trademark registration in the international trademark alliance Madrid System with 4,810 applications in 2017, up 59.6 percent year on year, which shows the fast pace of Chinese firms expanding overseas.