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Though Chinese software providers have gained some momentum overseas, Chinese IT companies still have much room to grow in terms of core technologies, innovation and management compared with international big brands, said Liu Tianwen, chairman of isoftstone, an IT service provider.

This trend was projected to continue over the next five years, with an annual compound growth rate of 3.2 percent. In addition, a rising average retail unit price, rather than retail volume, was expected to be the driving force behind growth, the report said.

Those living in private housing spend more on food a month - HK,324 - but it only takes 23 percent of their monthly expenditure compared with those living in subsidized public housing.

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Those who have more than three children without permission will be fined for every child over the number permitted by law, the regulation stated.

Those relations that ACSC is fostering also go beyond Argentina and China. Last week, ACSC helped to organize a special forum "China and Latin America" during the 8th Conference of the Latin American Council of Social Sciences. Ignacio Villagran, director of ACSC, hosted a panel discussion on intercultural dialogue between China and Latin America on philosophy, literature and language.

This year's summit will be hosted in the seaside city of Xiamen in southeast China's Fujian province, and with leaders from member countries and other nations around the globe set to attend. Thomas said the biggest achievement for the yearly summit since its inception is the way that has brought countries together.

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Thomas Wu, who was named Commended Older Volunteer of the Year by Voluntary Action Islington in 2019, said: "Being a volunteer at the Islington Chinese Association enables me to give something back to the community and make a positive difference to the people I help to serve."

Those sectors are rapidly becoming strong drivers of China's economic transition.

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This will be the first time that a giant panda is released into the wild outside Southwest China's Sichuan province, where 13 had been released by the end of last year.

Those born in the 1990s accounted for about 43.5 percent of the total, while the proportion of those born in the 1980s was 36.7 percent, according to Haier.