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Moreover, BOA inked a Memorandum of Understanding with the China Development Bank on Friday to enhance bilateral trade and investment.

Most global economists emphasize consumer orientation, but the key is the development of people, both through infrastructure and skill levels as well as culture, Steger said.

Most favored nation status is essentially a method of establishing equality of trading opportunities among states by making originally bilateral agreements multilateral.

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Moreover, Shanghai has rolled out plans to provide 30,000 5G sites by the end of 2020 simply by building or turning utility poles into telecom poles along its 500-kilometer roads. That is equivalent to 75 percent of the current total number of 5G sites in Shanghai.

More work should be done to build a coordinated, efficient and co-governance mechanism, establish and improve fair, open and transparent market rules, promote effective supervision, better serve the public, deepen reforms and strengthen the rule of law, Lin added.

Most medicines for rare diseases are developed by overseas companies, Shi Lichen, founder of Beijing Dingchen Consultation, told the National Business Daily newspaper. Great risks, stemming from the limited number of patients and the difficulty in developing medicines, made pharmaceutical companies reluctant to invest in their research, development and production, he said.

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Moutai Chairman Yuan Renguo said health tonic liquor was a major new business of the company during the 13th Five-Year Plan (2016-20), in response to surging demand for health related products.

Most team members are born in the '90s. Some had recently wed or become parents.

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More work will be done to boost market confidence and improve the sense of advancement, happiness and security among the people, it said.

Mr Leela Mani Paudyal, Nepal's Ambassador to China, recently shared his views with China Daily on China-Nepal relations and the beauty he sees in the Belt and Road Initiative. [Photo/chinadaily.com.cn]