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China's role is vital. Over just a few decades, it has grown into one of our largest business sectors, while securing its position on the global stage. China is currently the largest market in the Asia-Pacific region. In terms of revenue by region, Europe accounts for 44 percent of the global market, with the US generating 18 percent and the rest of the world 38 percent.

China's top coal miner Shenhua Group Corp Ltd merged with State-owned power generator China Guodian Corp last year, creating the world's largest energy conglomerate, China Energy Investment Corp, with total assets of 1.8 trillion yuan.

China's tertiary industry has become an important force in ensuring employment and stabilizing the economy, according to the report.

Chinese Americans celebrate the Lunar New Year on Friday, and US Representative Grace Meng on Thursday introduced a resolution that urges the House of Representatives to officially recognize it as a holiday.

Chinese Premier Li Keqiang said in his 2015 Government Work Report that an action plan for the strategy aims to integrate mobile Internet, cloud computing, big data and the Internet of Things with modern manufacturing, to encourage the healthy development of e-commerce, industrial networks, and Internet banking, and to help Internet companies increase their international presence.