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China has seen a rising life expectancy for its people over the years: from 74.83 years in 2010, to 76.34 years in 2015, to 76.7 years in 2017. The rise is attributed to improved public health work, disease control and prevention, medical services, childbirth care and traditional Chinese medicine.
China is gradually switching from an approval-based IPO system to a more market-oriented one based on registration.
China is currently the largest trade partner of the US, while the US is China's second largest. Bilateral trade surged to 9.6 billion in 2016 from .5 billion in 1979 when the two countries established diplomatic ties.
China is one of the world's major suppliers of rare earth, a group of 17 elements that are widely used in high-tech products ranging from flat-screen TVs to lasers and hybrid cars.
China is undoubtedly a leader in the global switch to new energy vehicles-a market which has attracted the attention of every major auto manufacturer. To transform these challenges into opportunities, a dependable and predictable regulatory framework, data security, protection of intellectual property and open access to the market are needed.