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China produced more than 300,000 works for international journals in 2016, compared with 13,000 in 1996.

China will become thermostat manufacturer Danfoss's largest market within the next 10 years, said a company executive at the China Refrigeration Exhibition 2019 in Shanghai.

China should stick to the opening up policies, as the financial market still has great potential to attract global investors, with strong resilience in dealing with global economic uncertainties, Shang Fulin, former chairman of the China Banking Regulatory Commission, said at the forum.

China kicked off a reform on April 27 to fast track IPOs on the ChiNext, which will replace its approval-based IPO system with a registration-based one to better cultivate new industry startups and bolster the real economy.

China took over from Venezuela, Cuba's traditional ally, given economic and political problems in the South American country.