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China is striving to become a "moderately prosperous society in all respects" by 2020, just before the centennial anniversary of the founding of the CPC.

China is expected to promulgate further favorable policies to boost car sales as part of its efforts to stimulate domestic demand, as the COVID-19 pandemic continues to spread globally, according to the nation's top economic planner.

China is now the world's second-largest civil aviation market. It is expected to become the world's largest by the mid-2020s, according to forecasts by the International Air Transport Association.

China is firmly against the move, which "denies the market economy principle that the United States has always advertised, and will not gain recognition or support from the international community," Foreign Ministry spokesman Geng Shuang said at Tuesday's news conference.

China is embracing a boom in winter tourism thanks to supportive government policies and increasing investment in infrastructure construction, according to a recent report by the China Tourism Academy.