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China's State-run banking system is criticized for being inefficient, but it has given many millions the opportunity to save conveniently and safely. China's long-term emphasis on manufacturing gave young people the steady incomes they needed to invest in themselves. And, local government officials who are graded on economic growth and poverty reduction have a strong incentive to help people escape poverty.

China will improve the protection of intellectual property rights in patent disputes by setting up a national-level IP court. The new court will streamline the appeal process by allowing litigants to bypass top provincial courts, the Supreme People's Court said on Saturday.

China will soon become the first country to have its crude steel output exceed 1 billion tons in 2020, said Li Xinchuang, chief engineer of the China Metallurgical Industry Planning and Research Institute, in an interview to the Xinhua News Agency earlier this week.

China's benchmark Shanghai Composite Index fell 24.6 percent to 2,493.9 points in 2018. It, however, has made a strong rebound so far this year, rallying to exceed 2880 points Monday morning.

China will seek new sources of residential land supply to improve housing and gradually the government will no longer be the sole provider of residential land. [Photo/Xinhua]