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China removed the approval procedure for setting up retirement homes a year ago, only requiring such facilities to register before they are operational. The move aimed to boost investment in elder care to meet the demand from a quickly expanding older population, and to shift authorities' duty from giving approvals to day-to-day monitoring.

China started the commercialization of 5G services on Oct 31 and 10 days later, the capital has accumulated more than 40,000 5G subscribers. [Photo/VCG]

China must step up major moves in deepening reform and opening-up for the country's economic and social development during the period of the 14th Five-Year Plan (2021-25), a key Party meeting decided on Monday.

China will become "a global leader in terms of composite national strength and international influence," Xi told an applauding audience, which included senior Party and government officials as well as grassroots representatives such as workers and farmers.

China may begin to carry out newly announced economic stimulus measures as soon as April to help shore up domestic demand and achieve economic development goals, economists said on Sunday.