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China has become the world's second-largest economy and, although it still needs to catch up in competitiveness, it is quite capable of making the US pay a heavy price if the Trump administration is not just posturing and does begin to match its words with actions.

China has begun to examine and repair railway equipment nationwide as railway passenger flow is running at a low level amid the coronavirus outbreak. [Photo provided to chinadaily.com.cn]

China had 167 million people, or almost 12 percent of the total population, older than 65 in 2018, data from the National Bureau of Statistics showed.

China has introduced a variety of measures to bolster the digital economy. In September 2018, the National Development and Reform Commission issued guidelines on developing a stable digital economy and expanding employment.

China believes consultation based on respect, equality and mutual benefit is the effective way to resolve trade disputes, and any unilateral threat or blackmail will only cause damage to the interests of all parties, according to the ministry.