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China is embracing an era of sharing economy. After shared bikes, sharing books are the next trend.

China is a world leader in mobile payments, according to projections by eMarketer. By 2021, 79 percent of smartphone users will be tapping, scanning and swiping at points of sale. By comparison, the US will have almost 31 percent of users doing so, and the corresponding figure will be 22 percent in Germany.

China is committed to pushing forward global governance on human rights, according to a senior official.

China has thousands of SOEs, but many have stagnated due to lack of competition. The government is improving their performance through a series of reforms, moving toward mixed ownership and market-oriented management.

China is seeking to increase the penalties for mismanagement of retirement homes with draft rules that would oversee the nation's sprawling network of long-term care facilities.