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China's e-commerce accounts for 40 percent of the world's total, larger than that of the United States, Japan, Britain, France and Germany put together.

China's food reserve authority recently released two draft plans on strengthening reserves through technology and talent support, aiming to make significant improvements within the next three to five years to help guarantee the nation's food security.

China's economic performance index ranked second among the economies surveyed. The country managed to create more than 13 million urban jobs for four consecutive years, despite downward pressure. The registered unemployment rate in Chinese cities stood at five percent over the past four years.

China's first inter-provincial high-speed rail loop begins operations in Chengdu, Sichuan province, on Friday. [Photo by Tao Jing/chinadaily.com.cn]

China's economy bounced back to growth in the second quarter this year. Macro policies, including tax and employment-oriented policies, have rendered effective support to economic recovery, Guo said, adding monetary and fiscal policy also played an important role.