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China has announced recently a climate target to achieve carbon neutrality by 2060, which is expected to accelerate the world's transition to green and low-carbon development.

China has been injecting vitality into thousands of state-owned enterprises (SOEs) through a series of reforms, moving toward mixed ownership and market-oriented management.

China has laid the cornerstone to build a capital market that is more capable of serving the real economy via revisions to the Securities Law, with breakthroughs in deepening market-oriented reforms and intensifying a crackdown on illegal market behavior, experts said.

China has also made big strides internationalizing its currency, the renminbi. As the country further opens its market to the outside world and advocates free trade and investment through the Belt and Road Initiative, the RMB is expected to play an even bigger role.

China had about 170,000 such old communities nationwide, and about 5 million elevators are needed to improve living conditions for more than 42 million families, the vice-minister of housing and rural-urban development Huang Yan said at a news conference early last month.