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China is less than two years away from finishing building a moderately prosperous society in all respects.

China has released a guideline on the safe development of cities, after a series of major accidents in recent years that have caused casualties and huge property losses.

China is already the second-largest economy in the world. And now it continues to grow at a more moderate pace under a new normal. The country is now playing an important role in many areas. For example, China is now the largest automotive market in the world, and the country has more than 220 million registered vehicles. China is also one of the biggest trade markets in both export and import. Besides, China is a big manufacturing nation, and it is also aiming to become a strong one in the coming future.

China is to produce more and better new energy vehicles in the coming years as a slew of policies have been announced to spur the sector's development in the country, according to analysts.

China is currently in the midst of a long-term transformation of its national business model. Earlier growth was based on the nation's comparative advantage at the time－low-cost labor combined with good infrastructure and a business environment that was acceptable for low-wage manufacturing. This business model enabled China's growth for more than 30 years and allowed it to raise almost all of its people out of extreme poverty.