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China has been stepping up efforts in recent years to allow foreign investors wider access into the fast-growing domestic bond market, including lifting quota restrictions and creating more investment approaches.
China has moved to the center of the global stage. Now, it has a bigger say in the International Monetary Fund and the World Bank; it has made the Shanghai Cooperation Organization a more active, international organization; and it has developed the Asian Infrastructure Investment Bank. President Xi Jinping goes to Davos and, as the US seems to be stepping away from globalization and climate change, advocates more internationally public goods. There was talk about making the market the decisive allocator of resources, and there has been less progress made on that.
China has also been innovative in urban transformation. This is aimed at optimising urban functions and promoting industrial upgrading. Take for example the relocation of non-capital functions out of Beijing. This will stimulate coordination between the Capital and nearby Tianjin Municipality and Hebei Province in the development of the triangular region called the Xiong'an New Area. It is the latest example of coordinated, balanced and sustainable regional development driven by innovation and aiming at high-quality growth.
China has an estimated 20.54 million people with hearing disabilities, and because of prejudice and inadequate accessibility in workplaces, many are shut out of mainstream jobs and must work in low-paying occupations that do not require much communication.
China has helped to build over 130 healthcare facilities and more than 170 schools in Africa. It has also dispatched 21,000 medical teams to the continent.