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China is the world's largest producer and exporter of cashmere, producing about 80 percent of the world's total, with 70 percent of domestic production exported, according to Tian. Welfare in goat raising and cashmere collection in China has been improving in recent years, he said.

China is one of the most dynamic places for economic growth and innovation in the world. The entire country is going through a digital transformation, driven by technology and innovation. So, it is no surprise that digital transformation tops the agenda among business leaders across the country.

China is facing a challenge in caring for the aging population. Chronic diseases are expected to rise in the next five years, said experts. They expect a sharp increase in consumer spending on long-term healthcare. For its part, the government will likely bear a heavier burden of paying more social security fees.

China has vast swaths of oxygenating natural beauty. The ability of these expanses of greenery to act as carbon sinks has previously been underestimated. In China's southwest, Yunnan and Guizhou hold huge ranges of diverse plant life, along with Jilin province in the northeast. Thanks to authority action, the National Forestry and Grassland Administration of China estimates that they have increased tree-covered territory by several million hectares, equivalent to a forest the entire size of the country of Ireland.

China has resumed a "counter-cyclical factor" in the foreign exchange regime since August, to hedge against market sentiment toward a weaker yuan, according to a statement on the central bank's website on Friday.