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China has taken steps to improve trade in services, including gradually opening up the finance, education, culture, and medical sectors.

China has stepped up the supervision of financial holding groups. The government took control of private conglomerate Anbang Insurance Group in February. Its former chief Wu Xiaohui was sentenced to 18 years in prison for illegal fundraising and embezzlement on Thursday in the first trial.

China has, for decades, been associated in the minds of Westerners with a common image of bicycling workers and residents filling the streets. But in the 21st century, Chinese technology has made bicycles part of the internet of things (IoT).

China has worked to improve the investment environment along the Belt and Road. By 2016, China had investment agreements with 53 countries and agreements to avoid double taxation with 54 countries.

China is now a big trader in goods. We do run a trade surplus in goods, but that's not our intention. What we want is more balanced trade. At the same time, China is running a deficit in trade in services, which has continued to widen year by year, including in the financial services sector.