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In the future, China will provide annual scholarships for students from Panama, according to Lu.

In the first three months of this year, rental yield, mainly used to gauge property incomes, kept generally stable in 50 cities to stand at 2.4 percent, according to a report released by E-house China R&D Institute.

In the automobile sector, more than 50,000 vehicles are expected to change hands during the festival, after a total subsidy valued at more than 100 million yuan ( million) is brought into play. Revenue from cars is expected to be more than 3 billion yuan.

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In the few days between Jan 26 and Feb 1, Liu had spent about 5,000 yuan (2) purchasing more than 2,000 face masks, 200 thermometers, 1,200 pairs of disposable gloves and 33 bottles of disinfectant.

In the economic dimension, observers from across the world agree that under the leadership of the world's largest political party, the world's largest developing country has scored tremendous achievements and is on the right development path toward the future.

In the first half of this year, Shenyang, the provincial capital, received over one million tourists from Beijing. The Beijing Tourism Group has opened 76 hotels and over 100 travel agencies as well as placed nearly 4,000 ride-hailing taxis in the city, an investment worth over 2.3 billion yuan, according to Zhou Hong, vice-CEO of the group.

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In the United States, truck-rail, truck-sea and rail-sea transportation links are the major transportation means for routes over 800 kilometers, while in Europe, these forms of transportation accounted for about 25 percent of all transportation means in 2015, according to Kang. But such transportation links are rare in China, partly due to tight control over the rail network, which is considered one of the most effective means of mid- and long-distance transportation in such a large country. The railway system has long been viewed merely as a "transport vehicle" rather than a part of the logistics industry, Kang said. In addition, China has many railway bureaus, each handling its own business without much coordination. Trucks, on the other hand, have taken over about 78 percent of mid- and long-distance freight transport in the country. They not only consume large amounts of energy, but also cause congestion and emit pollutants. Traditionally, the rail, road and water transportation systems in China are operated by different departments without a unified system, making coordination very difficult. As these logistics methods went their own ways, resources were wasted, costs were high and the environment was polluted. But that situation is set to change in an industry with an annual revenue of more than 3 trillion yuan (8 billion). With the advancement of supply-side reform, the Belt and Road Initiative and the improvement of information technology, multimodal transportation is experiencing a period of great development potential, said Luo Peng, president of Huochebang.

In the first seven months of this year, the increased installed capacity of renewable energy amounted to 50 million kW, about 75 percent of China's total increased installed power generation capacity.

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In the future, the homemade sat-phones - which support confidential voice communications, data transmission, and video conferences - can be used for personal communication, ocean transportation, fishing, air passenger transportation, archaeological activities in polar regions, and international peacekeeping initiatives, according to the commission's online post.

In the first half of this year, China Life reported a 17.8 percent year-on-year rise in its net profit.