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China has been an exception to the Olson trap. Following intense study, consultation, and regional tests, China's government has been able to implement policy reforms that have enabled the process of economic upgrading. The Fourth Plenum's push for strengthened and formalized rule of law is the next essential step in the long process of economic growth and institution building.

China has been actively expanding pension fund coverage. By the end of 2016, employees participating in workers' pension funds totaled 379 million, 25.7 million more than a year ago.

China has a large and diversified market and Sino-US trade will make new progress on the basis of mutual benefit after the signing of the agreement, which will help the two countries and the whole world, Zou Zhiwu, vice-minister of the General Administration of Customs, said at a news conference in Beijing.

China has paused or revoked the registry of 22 foreign food importers whose supplies were found to have been contaminated by novel coronavirus, an official said Thursday.

China can achieve this year's social and economic development goals as it has seen steady increases in employment and residential incomes while maintaining stable consumer prices amid complex domestic and global conditions, Premier Li Keqiang said on Wednesday.