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China made substantial progress in supply-side reform in 2018, with capacity-cut goals in saturated steel smelting and coal mining sectors beaten, and deleveraging pushed forward steadily.

China published the "Healthy China Action (2019-30)" plan in July, which is a complete national action plan covering the important areas of healthcare, including infant and maternal health, mental health, aging, healthy lifestyle promotion and education, as well as health services and security.

China offers consumers three ways to save for retirement - the national pension system, voluntary occupational pensions, in the form of annuities and covering only a minority of the population, and private savings, said Fang Lianquan, a researcher at the Center for International Social Security Studies of the Chinese Academy of Social Sciences.

China put forward the Belt and Road Initiative in 2013, with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes.

China once had hundreds of such companies, but many failed to profit as authorities focused on electric vehicles.