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Chinese FDI in the US plunged by more than one-third in 2017, the first major correction in a decade. The value of newly announced deals in 2017 declined more than 90 percent.

Chinese President Xi Jinping speaks at the seventh plenary session of the 18th Communist Party of China Central Commission for Discipline Inspection, Jan. 6, 2017. [Photo/Xinhua]

China's population is aging, with more than 250 million people aged 60 and above, and the country should actively develop commercial insurance programs in the areas of social services to better tackle the issue, the meeting was told.

China's success in combating the epidemic helped push sales of cosmetics and other wellness products among domestic consumers, who would have otherwise bought them overseas during their travels. China's quick rebound also helped SK-II's 800"beauty consultants" to re-establish contact with their patrons, he said.

China's pilot medical tourism zone in Hainan province has approved its first medical aesthetics product, and high-end international companies are stepping up efforts to take a share in the nation's booming medical aesthetics market.