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China's State-run banking system is criticized for being inefficient, but it has given many millions the opportunity to save conveniently and safely. China's long-term emphasis on manufacturing gave young people the steady incomes they needed to invest in themselves. And, local government officials who are graded on economic growth and poverty reduction have a strong incentive to help people escape poverty.

China will ease restrictions on foreign investment, including a further opening-up in sectors such as services, manufacturing and mining, according to a news release issued after a key Party meeting on Tuesday.

China will further optimize the business environment in ports to spur cross-border trade, officials from the General Administration of Customs said on Wednesday.

China will start by implementing specific parts of the newly reached consensus as soon as possible, according to the spokesperson.

China will start to renovate 39,000 old urban residential areas this year, benefiting some 7 million households, according to guidelines released previously by the State Council.