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China has a number of domestically developed core technologies in telecommunications, aviation and space, high-speed railways and nuclear energy. Over the years, the quality of the patents filed in these fields has notably improved, Hu Wenhui, spokesman for the State Intellectual Property Office, said in January.

China has been pushing the reform to diversify the ownership structure of SOEs in an effort to encourage operating efficiency and improve services of SOEs.

China became an aged society in 1999 when people age 60 and older crossed the international threshold of 10 percent of its population. The population that falls in the age group has ballooned over the decades that followed, reaching 253 million by end of 2019, or 18.1 percent of the total population, according to the National Bureau of Statistics.

China expects to deepen mutual trust, further promote trade liberalization and facilitation of investment, and to upgrade the 16+1 mechanism for cooperation between China and the 16 European nations during the China-CEE meeting, said Vice-Foreign Minister Wang Chao at a news briefing on Tuesday.

China has launched several financial assistance measures during the COVID-19 outbreak, requiring banks to increase lending to micro, small and medium-sized enterprises (MSMEs) and lower lending rates and various expenses.