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China has adopted a strategy of cooperation rather than competition. Its economic growth has been described as an "economic miracle", as it has overtaken many of its old trade and economic adversaries. Its growth model goes back to the late 1970s, when China introduced far-reaching economic reforms.

China currently has more than 210 oil refineries. Twenty-three of them are large refineries that have an annual refining capacity of 10 million metric tons as of end of 2017.

China had less than 500,000 business entities 40 years ago when it initiated reform and opening-up.

China has also built the world’s most complete construction machinery production chain, and all parts of that chain can be produced in China.

China has banned the burial of bodies in its most populous areas in recent years. The only exceptions are for 10 ethnic minorities. Most urban residents select cremation after death, with the ashes interred in tombs in cemeteries.