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China, together with some other countries, has been removed from the United States' list of "developing "nations and considered as a "developed" country when it comes to international trade, according to a recent notice issued by the Office of the US Trade Representative.

China's total energy consumption this year is expected to continue rising with the proportion of clean energy in the energy mix increasing as well, according to a report from the Energy Development Research Institute of China Southern Power Grid.

Chinese State Councilor and Foreign Minister Wang Yi (R) meets with Russian Foreign Minister Sergei Lavrov on the sidelines of the Formal Meeting of the BRICS Ministers of Foreign Affairs, in Pretoria, South Africa, June 3, 2018. [Photo/Xinhua]

China's private businesses have witnessed booming growth, thanks to the country's reform and opening-up policy during the past decades. Liu's business started in 1984 when he rented several shabby houses and hired a dozen workers to cast molds.

China's rapid development in the industrial internet sector will offer huge opportunities for greater cooperation between foreign companies and Chinese enterprises, as 5G has become an important driver for its application, government officials and corporate executives said on Thursday.