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China is facing the challenge of an aging society. By the end of 2017, the number of people aged 60 or above had reached 240 million, accounting for 17.3 percent of the country's total population.

China is also stepping up efforts to safeguard investors from securities fraud after Luckin's fake reporting. Yi Huiman, chairman of the China Securities Regulatory Commission, said in a recent article that the securities regulator will crack down on financial fraud and other legal breaches in the capital market.

China is still expected to be a major trading player with the countries in the North American Free Trade Agreement (NAFTA) — the United States, Canada and Mexico — as they renegotiate the pact.

China is the largest single-country market for Airbus, representing about one-quarter of its global sales.

China has welcomed the move, applauding all efforts to reduce tensions and create a more peaceful atmosphere on the peninsula, which could pave the way for future diplomatic talks on the nuclear issue on the Korean Peninsula.