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China is actively embracing blockchain, an underlying technology with a wide range of applications, and sees it as the new frontier of innovation in industries ranging from finance to manufacturing and energy.

China is moving toward an economy boosted by consumer spending, innovation and services, reducing reliance on investment and exports of low value-added goods, all helped by stronger efforts in innovation and research.

China has set a goal of building a moderately prosperous society in all respects by 2020, which requires the eradication of extreme poverty. To achieve the target, the central government has been stepping up efforts to increase access by the rural poor to medical resources since 2012, when the Communist Party of China held its 18th National Congress.

China hopes to work with all parties to boost the confidence of the international community in world economy and multilateral cooperation at the upcoming G20 summit in Osaka, said top Chinese diplomat in Japan.

China is opening wider to countries, including the United States, with products form Apple, Cisco, Microsoft and countless other US companies selling well in China for many years. On the contrary, the United States keeps demonizing Chinese companies and setting obstacles for their entry into its market.