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China closed 65 million tons of capacity last year and plans to close another 50 million tons this year, according to a speech in early March by Premier Li Keqiang.

China has a rural population of 577 million, of which 30 million people live under the poverty line. The country has set the goal of lifting all impoverished people out of poverty by 2020.

China has been on an initial public offerings (IPO) frenzy in the first six months of 2017, with 247 companies going public and more than 125 billion yuan (.46 billion) secured in IPO fundraisers, Securities Daily reported Tuesday.

China has been a longtime ally of Kenya in people-to-people exchanges and development. From 1982, nearly three decades before China became Kenya's largest trading partner, and construction and development projects financier, Beijing was already supporting human capacity development through targeted scholarships. Today, more than 2,400 Kenyans are studying in China.

China has an aging population. There were 241 million people aged 60 and above at the end of 2017, and the number is expected to hit 487 million by 2050.