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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 become the world's largest market for cross-border e-commerce, ringing up a 30 percent annual growth rate in the past few years. About 200,000 small and medium-sized businesses are involved in cross-border e-commence through different platforms with total transactions exceeding 0 billion, said Long Yongtu, former vice-minister of the then Ministry of Foreign Trade and Economic Cooperation.

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

China has placed greater emphasis on mathematics, with the Ministry of Science and Technology, the Ministry of Education and CAS issuing a guideline last month specifically focused on strengthening the country's mathematical research capabilities.

China has made major strides in manufacturing in the past decades. It now boasts 41 industrial divisions, 207 groups and 666 classes of products and services. But it still faces challenges in a string of sectors including semiconductors, crucial components for industrial robots, and some key industrial materials.