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China's rural population living under the poverty line-less than 2,300 yuan a year, or slightly more than a day in 2018 values-decreased from 770 million in 1978 to 16.6 million in 2018, and the life expectancy of Chinese people has jumped from 35 years when New China was founded, to 65 by 1980 and 77 last year, according to the white paper.

Chinese President Xi Jinping (left) holds a welcome ceremony for President Moon Jae-in of the Republic of Korea (ROK) before their talks at the Great Hall of the People in Beijing, capital of China, Dec 14, 2017. [Photo/Xinhua]

China's top policymakers gathered at the annual Central Economic Work Conference held from Dec 10 to 12 in Beijing. The meeting stressed the importance of stabilizing the country's economic growth and maintaining the proactive fiscal policy and prudent monetary policy to ensure high-quality growth.

China-Europe rail services are available between 48 Chinese cities and over 40 cities in 14 European countries. Last year, more than 3,000 trips were made via the service, and the number is expected to reach 4,000 this year, according to China Railway Corp.

China's top banking and insurance regulator issued draft rules on commercial banks' online lending business in May. The regulator affirmed the cooperation between banks and third-party institutions on offering online lending services to small businesses and gave specific instructions on how to promote sound development of this business model. Now that the policy is clear, banks and third-party institutions will make long-term arrangements accordingly, Bai said.