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China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises and support high-quality growth of the real economy, said the China Securities Regulatory Commission in October.

China has been importing a large amount of high-end medical equipment, pharmaceutical equipment, pharmaceutical preparations and biological preparations from the US, and the rapid growth of imports in the past few years helped to reduce the trade surplus.

China has lifted more than 60 million people out of poverty in the past five years, with the poverty rate dropping from 10.2 percent to less than 4 percent amid its push to complete the building of a moderately prosperous society in all respects by 2020. By that time, absolute poverty will be eliminated.

China has been actively assuming its international responsibility and participating in global governance by putting forward new concepts, thoughts and plans to reshape the global governance system, said Liu Wei, president of Renmin University of China, at a global governance forum on Saturday in Beijing.

China has cut value-added tax to 3 percent on the import, production and sale of a second batch of anticancer and rare-disease drugs in a bid to lower costs for patients and boost the pharmaceutical industry, according to a statement published on Sept 30.