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China had 167 million people, or almost 12 percent of the total population, older than 65 in 2018, data from the National Bureau of Statistics showed.

China has made notable progress in ecological protection in recent years, and NGOs with increasing numbers of volunteers are playing an important role.

China cherishes the conventional monetary and fiscal policies and will not adopt deficit monetization or negative interest rate policies, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission in Shanghai on Thursday.

China has also made it clear that the country views all companies, both Chinese and foreign, as equals. With the full protection of the companies' legitimate rights and interests, China welcomes fair competition among them.

China announced the plan in April to create Xiongan New Area -- about 100 kilometers southwest of Beijing -- to promote the coordinated development of the Beijing-Tianjin-Hebei region.