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China's Belt and Road Initiative has so far exceeded initial expectations in the past three years, according to a spokesman of the Ministry of Commerce of China.

China's 22 percent growth in AuM elevated it to the fourth-largest global market, up from eighth place five years earlier. The partial opening-up and rapid growth of the Chinese market have created the conditions for a potential gold rush among foreign firms.

China will make efforts to build more independent and controllable industrial and supply chains, according to a statement released after the annual Central Economic Work Conference.

China will send more medical workers, especially nurses, and resources to support epidemic control in Wuhan, the epicenter of the novel coronavirus outbreak, Premier Li Keqiang said in an inspection trip to the city on Monday.

China will have a population of 487 million aged 60 or above by around 2050, according to the Office of the National Working Commission on Aging. In recent years, China has stepped up efforts in advancing diversified elderly care services based on communities and families.