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China's top economic planner, the National Development and Reform Commission (NDRC), has approved more than 30 infrastructure projects so far this year, involving a total investment of more than 850 billion yuan (3.91 billion) in fields like urban rail, airport expansion and coal mines, according to data provided by the newspaper.

China's tech heavyweights expressed their desire to apply AI and automation technologies to greatly enhance the supply chain and operational efficiencies, as well as transform the traditional business models.

China's rapid economic growth, urbanization, globalization and aging population is coupled with the expanding prevalence of chronic diseases such as high blood pressure, diabetes, stroke, tumors and obesity. Sedentary lifestyles, unhealthy diets, irregular sleeping habits, smoking, alcoholism and environmental pollution combined with other risk factors are the reasons behind China's growing population of chronic disease sufferers, who are causing enormous financial burdens on their families and the health system.

China, having stabilized its employment market and economic fundamentals, is confident it will secure positive economic growth this year, he added.

China's service sector expanded in November at the fastest pace since March as corporate confidence improved with a substantial increase of new orders, a private business survey showed on Wednesday.