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China had more than 230 million people aged 60 or above at the end of 2016, 16.7 percent of the total population. The number of people aged 60 or above was 194 million in 2012, 14.3 percent of the total population.

China cut the one-year interest rate on re-lending funds that aim to help agribusiness and small businesses by 0.25 percentage point to 2.5 percent. After getting the re-lending funds at a favorable rate, small commercial lenders will issue loans to small businesses at a rate of no more than 4.55 percent. The spread between the two interest rates is 205 basis points.

China has been Finland's biggest trade partner in Asia for 15 years and CIIE is a great opportunity for businessmen from both countries to deepen partnerships and expand economic cooperation, Wang said.

China expresses serious concern regarding the US' statements on this issue, as this move discriminates against Chinese State-owned enterprises. It will not only affect Chinese companies' investment in the country, but also will damage the confidence of other foreign companies in the US investment environment, Gao added.

China has been dissolving excess capacity in coal and steel production, in part due to its air pollution control efforts. The production cut is expected to improve air quality in Hebei and neighboring Beijing and Tianjin municipalities.