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China attaches great importance to the development of China-Venezuela relations and believes that the Venezuelan government and people are capable of handling their debt issue properly, he said.

China currently has 96 central SOEs. Earlier official data showed the central SOEs saw strong profit and revenue growth in the first 11 months of 2019 despite economic headwinds.

China has made major strides in manufacturing in the past decades. It now boasts 41 industrial divisions, 207 groups and 666 classes of products and services. But it still faces challenges in a string of sectors including semiconductors, crucial components for industrial robots, and some key industrial materials.

China has 1.67 million children age 6 or younger with disabilities, and this is the priority group for the system, Jia said, adding that throughout childhood is the best time to recover or substantially improve the capabilities they've lost. Rehabilitation for these youngsters can also reduce economic and psychological burdens for their families and help them go to school or get employment later, he said.

China has huge growth potential for OLED TVs, the LG Display official added.