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China's positive achievements in fighting COVID-19 also highlight the efficiency of China's political governance as a crisis of this magnitude requires a strong and well-coordinated political engine that is able to adopt and implement the appropriate measures, according to the ambassador.

China's securities regulator has released draft revisions of company rules that will broaden circumstances under which companies are permitted to buy back shares and simplify the procedures for buybacks.

China's pharmaceutical market has been constantly growing in recent years, and is estimated to reach 1.8 billion by 2023, taking a 30 percent share of the global market, said an industry expert.

China's pig herd has shrunk substantially due to multiple factors including an outbreak of African swine fever and the lag effect of the last market cycle when low pork prices drove many out of business.

China's year-on-year GDP growth was 6.9 percent in 2017 and consumption contributed to 58.8 percent of the growth, the communique said. The country's GDP scale reached trillion, accounting for 15 percent of the world's total. It increased by .2 trillion in 2017, equivalent to the total GDP of Australia, Sheng said.