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China needs to bring more than 10 million people out of poverty every year, meaning 20 people per minute, to reach its goal. The CPC has dispatched nearly 800,000 people to poor regions to help. More than 120 CPC members sacrificed their lives in this fight between 2013 and 2016.

China launched seven more free trade zones on Saturday to accelerate the country's opening-up and boost the Belt and Road Initiative.

China will also phase in an opening-up of bank card clearing and other markets; lift restrictions on the scope of operations of foreign-invested insurance companies, and ease or lift restrictions on the share of foreign-owned equity in companies in sectors including banking, securities, fund management and futures.

China recently placed greater importance on constructing new infrastructure including data centers, 5G and artificial intelligence, which Lenovo said are in line with its business strategy.

China possesses the highest private wealth in the Asia-Pacific region and the second-highest worldwide, according to an annual wealth report that was released on Tuesday by the global management and consulting firm.