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China has reached the quantitative goals that characterize a moderately prosperous society. Rising from deep poverty just 40 years ago, it has now reached the status of an upper middle-income country. In December 2019, per capita income exceeded the ,000 per year mark in exchange rate terms. More meaningfully, adjusted for purchasing power parity, China's GDP per capita has almost reached ,000. Extreme poverty is almost gone and, despite the COVID-19 epidemic, will be eliminated this year. Plus, world-class road, railway, airport and internet connections now reach almost everywhere.

China is capable of reaching its goal of building a moderately prosperous society in all respects by next year with support from macroeconomic policies, despite troubles caused by the COVID-19 pandemic, political advisers said.

China is expecting a boom in winter-sport tourism as the 2022 Winter Olympic Games in Beijing approach.

China imported 151 million pounds of California almonds last year, making it the state's third-largest overseas market. The Chinese duty on almonds from the United States has now risen to 50 percent from 10 percent after two rounds of tariffs in April and July.

China hopes the initiative will create more economic cooperation, draw the countries closer through culture and boost friendship and mutual trust, Kong said.