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China started a pilot program for non-performing asset securitization in 2016, allowing five State-owned banks and China Merchants Bank to repackage non-performing assets into securities to meet the demand of investors with different risk preferences.

China pledged to deepen SOE reform in this year's annual government work report as a method to improve efficiency. Apart from measures like cutting capacity, managing "zombie companies," excising layers of hierarchy and calling for innovation among firms, China also introduced a mixed-ownership system.

China now has 85 million disabled people, of whom around one fifth, or 17 million, have visual disabilities.

China was the first country in the world to suspend all Boeing 737 Max 8 airplanes and over 40 countries including Singapore, Australia, Canada and the European Union followed suit.

China will accelerate the real economy, build itself into a manufacturer of quality products, while moving its industries toward the medium-high end of the global value chain and fostering a number of world-class advanced manufacturing clusters.