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China has increased its technological competitiveness through growing investment in its own research and development, he added.

China first launched its credit record system in 2006. By the end of 2019, the system had kept records for more than 1 billion individuals and 28.34 million enterprises and organizations.

China has over 4,000 small and medium-sized banks, with total assets of about 77 trillion yuan (.9 trillion). These banks have limitations in management capacity, and their targeted clients are usually micro, small and medium-sized enterprises. Small and medium-sized banks were noticeably affected by the novel coronavirus pandemic this year, said Cao Yu, vice-chairman of the CBIRC, at a news conference on April 22.

China has a four-tier flood control emergency response system, with level I representing the most severe.

China has banned the burial of bodies in its most populous areas in recent years. The only exceptions are for 10 ethnic minorities. Most urban residents select cremation after death, with the ashes interred in tombs in cemeteries.