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China has the world's most strict safety evaluation system for GM products, and all GM products that have passed inspections by the authorities in China are safe, according to the Ministry of Agriculture.

China has strengthened financial regulation and broadened its regulatory oversight to include products not counted on the balance sheets of financial institutions, such as the so-called wealth management products, to forestall financial risks. Such an adjustment is based on normal regulatory and accounting requirements and will not have a major bearing on overall financial figures, he said.

China has shipped 2.49 million 5G smartphones in October, having soared over 400 percent compared with the previous month. The total 5G smartphone shipments in the first 10 months hit 3.28 million units, according to a report by the China Academy of Information and Communications Technology.

China in February launched a project to offer inclusive elderly care, with the central budget allocating 1.4 billion yuan (0 million) to boost the number of nursing beds for the elderly by 70,000, which stimulates both investment and consumption.

China is expected to cut more than 200 million metric tons of "dispersed coal", or small-scale coal burning in households or businesses, in its energy mix during the 13th Five-Year Plan period, and the use of clean energy for heating in North China will increase exponentially with air quality significantly improved, the report said.