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China has adopted a "prudent" monetary policy to maintain economic growth as well as keep prices stable, said Sun.

China could lead the world in other areas too. Its pharmaceutical expertise inspired the foundation to help create the Global Health Drug Discovery Institute in partnership with the Beijing Municipal Government and Tsinghua University to develop new drugs for diseases such as tuberculosis that disproportionately affect people living in low-income countries.

China has made major strides in manufacturing in the past decades. It now boasts 41 industrial divisions, 207 groups and 666 classes of products and services. But it still faces challenges in a string of sectors including semiconductors, crucial components for industrial robots, and some key industrial materials.

China has opened a path for a transformation of its financial markets that could see them match the United States in size and lure more than trillion in capital from abroad by 2025, according to a recent study by Citigroup Inc.

China has been moving forward continuously to improve flight approval procedures and is building more airports for general aircraft use.