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China has accelerated the opening of the domestic financial markets and deepened supply-side structural reform in the financial sector. The PBOC announced on Feb 11 it has approved Mastercard NUCC Information Technology (Beijing) Co Ltd, a joint venture of Mastercard and NetsUnion Clearing Corporation, a Chinese clearing house for online payments, giving Mastercard access to China's massive payments market.

China currently ranks second in the number of organ donors in the world. Last year, the United States had more than 9,000 donors, Huang said.

China considers financial safety a top priority amid efforts to strengthen the developing commercial endowment insurance sector and boost related regulation in this area, a senior official with China's top insurance regulatory body said on Friday.

China focuses on improving Africa's business environment to attract foreign investment, emphasizes indigenization of business operations, supports Africa's capacity-building and promotes regional economic corridors and development centers to facilitate industrial relocation and technological transfer, creating employment for host countries.

China has made visible progress in developing a national social credit system. A unified social credit code, which identifies businesses and their specifics, has been introduced nationwide.