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China is also intensifying its international cooperation in quality in recent years, keeping up its fight against those who would export fake or substandard products, Zhi Shuping, head of the administration, said at a conference earlier this month.

China is Canada's second-largest single-country merchandise trading partner. In 2017, two-way merchandise trade between the countries reached nearly .5 billion, accounting for 8.4 percent of Canada's merchandise trade. Trade in services between Canada and China reached .2 billion.

China is recently mulling transfer of a further more than 521.71 billion yuan from 35 SOEs, with a transfer ratio of 10 percent of the state-owned equity, to replenish the funds, Peng added.

China is planning to build a three-level service system for flights in low-altitude airspace to meet the needs of the country's general aviation development, the Civil Aviation Administration of China announced on Friday.

China is also considered a leader in the on-demand economy, with people in China recording high usage figures for food-ordering apps, shared bicycles, car-hailing apps and online supermarkets, Bao said.