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China is ASEAN's largest trading partner and the top source of imports for many ASEAN countries, he said.

China is on its way to becoming the largest innovation economy in the world, Forbes.com reported on Sept 19, noting China's transition from rural poverty to export powerhouse to consumer goliath may be "the most consequential economic event in centuries".

China initiated the reform in 2014 to grant farmers more rights to benefit from collective land in villages. The pilot program, as a significant link in the country's rural revitalization strategy, has been expanding.

China is the world's second-largest cloud market, with the data center and cloud remaining dominated by local Chinese firms, according to a report by Synergy Research Group. The country has set a goal of building a cloud computing industry worth 430 billion yuan by 2019, said a government plan unveiled last year.

China has rolled out a raft of targeted measures to support SMEs since the outbreak of the epidemic.