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China aims to eradicate absolute poverty by 2020. As a financial tool for targeted poverty alleviation, microloans have played an important role in helping impoverished households to escape poverty.
China aims to raise its global competitiveness in the railway sector by expanding its railway networks with wider coverage and higher speeds. It plans to have 200,000 km of track laid by the end of 2035, including about 70,000 km of high-speed track, according to the latest national railway plan, issued in August by China State Railway Group, the country's top railroad operator.
China Mobile earlier announced its plans to roll out 30 varieties of 5G devices, including a 5G smartphone. China Unicom said its 5G commercial network will be completed in the third quarter of next year, and China Telecom has cooperated with Huawei to establish a 5G testing network, with speeds reaching 1GB per second, in Fuzhou, Fujian province.
China actively participates in building a legal system of international human rights, earnestly fulfills international human rights obligations, conducts in-depth international exchanges and cooperation in judicial field, and champions the healthy development of global human rights.
China Investment Corp's executive vice-president, Qi Bin, said one measure to further open the financial service sector is to facilitate cross-border investment. A rise of cross-border investment will help ease trade tensions and lower the market threshold for foreign investors, which "will substantially develop the local financial market", Qi said.