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The enormous effective demand being generated by the 1.4 billion Chinese people who are moving up the income ladder will provide the world with even more opportunities in terms of market, investment and cooperation, he reassured.

BEIJING, Jan. 7 (Xinhua) -- The Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee on Monday held a meeting to hear a series of work reports.

Scholz is here to co-chair the second China-Germany High Level Financial Dialogue with Chinese Vice Premier Liu He on Friday.

According to the progress update at the Monday meeting, 13.86 million people were lifted out of poverty in 2018, thanks to the dedicated efforts by local authorities and competent departments in implementing the decisions made by the Communist Party of China Central Committee and the State Council.

China's fiscal spending on medical services in 2017 was 1.4 trillion yuan, a 55.5-percent increase from 2013, accounting for 7.1 percent of national fiscal spending.