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China is gradually switching from an approval-based IPO system to a more market-oriented system based on registration.

China is forming a new development paradigm known as "dual circulation," which takes the domestic market as the mainstay while allowing domestic and foreign markets to boost each other.

China is briskly pushing forward 5G technology, with government support and huge investment from tech giants. The world's largest 5G test field with about 30 telecom base stations was established in Beijing's Huairou district.

China has showed respect for, protected and promoted human rights in the course of reform and opening up, blazing a trail of human rights development that conforms to the national conditions, and created new experiences and made progress in safeguarding human rights, it said.

China has the largest livestock breeding industry in the world, and soybeans are a major source of protein in livestock feed. In 2017, China imported more than 32.85 million metric tons of soybeans from the US, accounting for 34.4 percent of China's total soybean imports.