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Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era also comprises a series of principles that must be upheld in promoting economic and social development.

"This is China's actual national condition," said the spokesperson, adding that the CPC seeks happiness for the people, peace for the world, and progress for humanity, which honors its commitments and is above-board.

Beijing, 21 November 2020

Xi reaffirmed that China will continue to actively support and participate in international cooperation on COVID-19 vaccines, materialize the COVAX facility backed by the WHO, share China's vaccines with world countries, particularly developing countries, and work to make vaccines a global public good accessible and affordable to people around the world, Wang said.

Figures from the Ministry of Commerce show that in 2019, retail sales in automobiles, home appliances, furniture, construction materials and catering sectors accounted for some 25 percent of the total retail sales in China, and retail sales in rural areas accounted for 14.7 percent of the total.