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China has the potential to "safely sustain strong growth" over the medium term as it continues to move onto a more sustainable growth path and advance reforms, said David Lipton, IMF first deputy managing director.

China has very good infrastructure, years of experience and high efficiency, he said, adding Elios expects to cooperate with more Chinese partners in the near future.

China has recently sent two coast guard ships to enforce fisheries law on the high seas of the North Pacific Ocean. [Photo/Official WeChat account of China Coast Guard]

China has witnessed its VR industry expand rapidly as the country pushes for the high-quality development and extensive application of new technologies. According to the Ministry of Industry and Information Technology, China's VR market will be valued at 54.45 billion yuan (about billion) by 2021.

China is home to 306.7 million hectares of forest, 400 million hectares of grassland, 53.3 million hectares of wetland and another 53.3 million hectares of governable sand land, which constitutes a huge resource potential and market advantage, said Peng Youdong, deputy head of the administration.