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China's grain output is expected to decline by 1 percent this year, and its agricultural trade deficit will decrease to about billion, according to a new book compiled by a government think tank.

China's economy continues to recover from the COVID-19 pandemic, but the government should be wary of potential debt risks in 2021, an executive of China Chengxin International Credit Rating Co said.

China's labor is becoming expensive too, and more skilled. So, China needs to move away from setting up industries that basically service imports from East Asia. Instead, China should set up industries that are indigenous and can use innovation to produce new products. The country is already doing this quite well. China has beaten the US in 5G, and leads in artificial intelligence.

China's embrace of high-quality development after decades of rapid economic growth has brought challenges as well as opportunities to foreign businesses such as Novozymes, he said.

China's online platforms including Alibaba and JD.com have also launched free consultation services, where thousands of professional doctors from all over the country are providing medical services.