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China consumed 128,200 metric tons of coffee beans last year. With an average annual growth rate of over 22 percent since 2006, it is one of the world's largest coffee consumers.

China has continuously strengthened administrative enforcement in e-commerce to effectively crack down on IPR infringement. Local intellectual property management departments have cooperated with e-commerce platforms to establish three handling modes for online patent infringement complaints, effectively integrating the case handling resources and handling capacity of local IPR offices, IPR protection and e-commerce platforms.

China had less than 500,000 business entities 40 years ago when it initiated reform and opening-up.

China has also tailored its policy measures to leave no one behind, which includes sending officials to villages to help the local people, organizing vocational training, providing small loans, facilitating resettlement of poor residents to better-off areas, and tapping the potential of e-commerce and tourism, Zhang said.

China has accelerated its financial opening-up since 2017. Foreign securities, fund and futures firms were allowed to hold a maximum 51 percent stake in joint ventures in China, according to the regulations announced in November 2017. The limit was completely removed on April 1, which would not otherwise have been lifted till 2021.