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China has decided to build a number of key hubs for the logistics sector and improve its efficiency and information-sharing as part of efforts to substantially reduce the ratio of overall logistics costs to GDP, and build a modern logistics system.

China has cemented its position as a global leader in 5G wireless technology, with the nation expected to account for 70 percent of global 5G connections in 2020, according to international mobile trade association GSMA.

China has been promoting efficient, large-scale use of natural gas in the industrial fuel, gas-fired power and transport sectors. Natural gas supplies in the country will exceed 360 billion cu m by 2020, accounting for 10 percent of China's energy production compared with the current 7 percent, according to the National Development and Reform Commission.

China has banned imports of most US beef since 2003, partly due to concerns over the spread of "mad cow disease". Previously, the US was China's largest supplier of imported beef.

China has moved to optimize business environment as the foundation of a modern economy and high-quality development.