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China announced the decision to set up the Xiongan New Area, about 100 kilometers southwest of Beijing, to advance the coordinated development of the Beijing-Tianjin-Hebei region.

China has been sharpening its efforts to optimize the structure of steel production. The country plans to cut ineffective steel capacity of about 30 million metric tons this year, according to the Government Work Report available to media on Monday. In the past five years, more than 170 million tons of steel capacity have been slashed according to the report.

China has attached great importance to space exploration as well as innovation in space science and technology, the president said, noting that the country wants to use these achievements to create a better future for mankind.

China has now become the final assembly plant for most of the goods manufactured in other East Asian economies and shipped to the United States. That means China is taking the blame simply because it is the last stop of the production line.

China has been constantly developing service trade pilot zones, Ma said. In 2019, there were 17 service trade pilot zones nationwide, and their trade volume accounted for over 75 percent of the national total. The development pace in the zones was faster than the national average.