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China is seeking to increase the penalties for mismanagement of retirement homes with draft rules that would oversee the nation's sprawling network of long-term care facilities.

China has rolled out 20 measures to stimulate consumer spending such as relaxing car-buying restrictions, encouraging the purchase of new energy vehicles and expanding cross-border e-commerce imports to more cities.

China is committed to the road of peaceful development and upholds an opening strategy featuring mutual benefit and win-win results, said Li, adding that the NPC is ready to work with the US Congress to enhance cooperation and to properly handle differences and sensitive issues through dialogue and constructive means.

China has signed memorandums of understanding with nine African countries on cooperation in Belt and Road construction including South Africa, Madagascar and Egypt, while over 20 other African nations are in talks with China concerning cooperative agreements.

China is expected to have more than 200 million 5G mobile subscribers by 2020, and the fast deployment of 5G in the country will benefit the global telecom and semiconductor industries, a senior executive of Huawei said on Thursday.