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China is entering an era distinguished by services and consumption. In recent years, China's insurance industry development has surged. As of the end of 2017, the country's original premium income increased by about 18 percent year-on-year to 3.7 trillion yuan,

China is the world's leading producer of on-purpose propylene. The nation's production volume accounts for around 50 percent of the total global capacity and is expected to continue rising by 8 percent annually.

China has taken steps to improve its trade in services, including gradually opening up its finance, education, culture, and medical sectors.

China is Audi's largest market worldwide, accounting for over 40 percent of its global deliveries. Despite the pandemic, Audi sold more than 580,080 vehicles in China in the first 10 months this year, up 5.4 percent year-on-year.

China is stepping up measures to support private companies and small and medium-sized enterprises, including ensuring government departments and State-owned enterprises clear their overdue payments to them.