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China will develop a multi-level capital market, build a multi-level banking system, resolutely resolve risks, and give full play to the role of financial technology, according to Liu.

China's EV market is burgeoning as the country works to tackle its pollution problems. This has led to the Beijing government offering incentives to encourage investment in and development of zero-emission EVs.

China's big tech companies like Alibaba and Huawei also joined the smart city race by starting AI smart city platforms.

China will stay committed to advancing reform. Reform is the fundamental driver of China's development. China will only speed up its market-oriented reforms. We will not slow down the pace of reform, let alone turn back. The Chinese government will continue to streamline administrative approval procedures, provide more efficient services, and slash the time required to start a business, get a permit or go through customs clearance. We will introduce tax cuts on a bigger scale and meaningfully lower fees, including the social security contribution rate. The reform to transform state-owned enterprises (SOEs) into standard companies and joint-stock companies has been basically completed. China's SOEs, many of which are publicly listed, run their operations in an open and transparent manner. It is entirely up to them to make their own business decisions, and they are responsible for any profits or losses. They do not enjoy any special subsidies.

China's Terracotta Warriors, a marvel of the world, have attracted more than 68000 visitors to the Virginia Museum of Fine Arts in Richmond.