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China produced 21 papers among the first 100 highly-cited papers around the world in the past five years, ranking second. China has made several innovative achievements with international influence in areas such as machine learning and brain-inspired computing.

China should have an expansionary and much stronger fiscal policy in order to increase public spending and prevent a further slowing of economic growth, said Yu Yongding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.

China saw about 63 billion express parcels handled in 2019, up 24 percent year on year. Business revenue expanded 23 percent to stand at about 745 billion yuan.

China will continue to foster stable growth, push supply-side reform, resolve major financial risks, properly deal with local government debt and promote healthy development of the property market, Yang, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference, said at a news conference.

China ranked 20th in service trade development globally, taking the top spot among developing countries according to a report by a government think-tank.