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China's pharmaceutical industry is undertaking a critical transformation toward high-quality and innovation-focused development, reflected by the explosion of new drug and clinical trial approvals in recent years, according to global consultancy firm McKinsey.

China's second largest grid company, China Southern Power Grid, announced in October it would step up blockchain technology development with a focus on the renewable energy certificate trading and charging infrastructure for electric vehicles.

China's per capita GDP will reach the level of moderately developed countries, with a significant reduction in disparities in urban-rural development, in development between different regions and in living standards, and the modernization of national defense and the military will be basically achieved, it said.

China-Russia Headlines, a bilingual mobile news app produced by China Radio International and Russian news agency Rossiya Segodnya, has started to provide news and information about the two nations' ties.

Chinese President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Vietnam's central city of Da Nang on November 10, 2017. [Photo/Xinhua]