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China has signed cooperation deals with more than 130 countries, regions and international organizations on jointly developing the Belt and Road, with 17 free trade agreements involving 25 countries and regions finalized. The work conference, presided over by President Xi Jinping, called for continued expansion of economic opening-up.

China has seen strong compound growth of 16.9 percent in insurance revenue between 2011 and 2017. It has become the world's second largest insurance market with 11 percent of the global stake in 2017, second only to the US, an industry report from iResearch said.

China has rapidly emerged this year as the second-largest market for smart speakers after the United States, according to the latest report by industry tracker Strategy Analytics.

China is expected to overtake the United States as the world's biggest aviation market by around 2024. Airbus' rival Boeing Co has predicted the country will need 6,810 aircraft by 2035, making it the world's biggest single-country market worth over trillion.

China is one of the fastest growing markets in wine consumption and ranks fifth in the world after the United States, France, Italy and Germany, according to media reports citing data from the International Organization of Vine and Wine. China's wine market has huge potential to grow as the country's per capita wine consumption was only around 0.6 liters in 2019, compared with 10.1 liters in the US.