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By opening up both ends to promote the formation of a fair and competitive upstream resource supply and downstream sales market, the new SOE is expected to improve the efficiency of oil and gas resource allocation and better serve national strategies and the needs of the people, Li said.

CATL shipped the equivalent of 40.25 gigawatt-hours of automotive lithium-ion batteries in 2019.The company is an industry leader with a global share of 28 percent, according to South Korea's SNE Research.

By the end of 2018, more than 27,000 Chinese domestic investors had set up 43,000 enterprises for overseas investment in 188 countries and regions, and over 80 percent of the world's countries and regions have Chinese investment, said the report.

By the end of next year, the government is committed to ending extreme poverty in China in time for the 100th anniversary of the founding of the Communist Party of China in 2021, when the country aims to be "a moderately prosperous" society.

By the end of last year, 96 percent of administrative villages had access to broadband internet service, according to the Ministry of Agriculture and Rural Affairs.