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China has proposed new concepts for China-Africa cooperation. In March 2013, immediately after taking office, President Xi Jinping paid a visit to Africa. During the visit, he said China would adhere to the principles of sincerity, practical results, affinity and good faith, and uphold the values of friendship, justice and shared interests in its relations with Africa, pointing out the direction for the development of China-Africa relations. To realize this goal, both China and Africa have agreed to safely, orderly and effectively promote our friendly and mutually beneficial cooperation through the new concepts of common, intensive, green, secure and open development.

China has thousands of SOEs, but many have become stagnated due to a lack of competition. The government is trying to improve their fortunes through reform, moving toward mixed ownership and market-oriented management to improve efficiency.

China is forecast to spend 900 billion yuan (4 billion) to 1.5 trillion yuan (4 billion) on 5G network construction from 2020 to 2025.

China has reduced extreme poverty by more than two-thirds over the past five years, officials said. It has pledged to eradicate extreme poverty in China by the end of 2020.

China has pledged to eradicate extreme poverty domestically by the end of 2020. The country's poor population, which stood at more than 98 million at the end of 2012, was cut by two-thirds in the most recent five-year period.