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Beijing New Energy Vehicle, a subsidiary of BAIC Group, is to unveil three models of its high-end Arcfox brand on April 14 in Shanghai, as the latest move in its efforts to get ahead in China's increasingly competitive new energy vehicle market.

Before that, Australia's newly published foreign policy white paper also aroused China's attention. The white paper had given an overall positive evaluation of China-Australia relations, but made irresponsible remarks on the South China Sea issue. The white paper warned about risks in the South China Sea and suggested that China would not follow the "rules-based order" in place since World War II.

Behind the curtain is the soul of the performance - puppeteer Wang Biao. Using his dextrous hands, and voice, he makes the small figures stroke their beards, nod their heads, wave their hands and curse others.

Behind the sector's phenomenal growth were rising risks and irregularities that have alerted the country's financial regulators. Stringent measures have been adopted by the regulators, aiming to incorporate the fintech sector into the country's financial regulatory framework. New rules have also been drafted to tackle financial fraud and protect the interests of smaller investors and players in the sector.

Beijing Capital Normal University professor David Moser says: "In the last three decades, over 1 billion people globally have been brought out of extreme poverty. According to the World Bank, of that 1 billion people, around 800 million of them were Chinese. This is quite a remarkable achievement, and one for which China does not often receive credit."