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"During the process of deepening supply-side structural reform in the financial sector, the CBIRC kept improving the efficiency of financial resource allocation, strengthening credit support to key areas and weak links in the economy, and stepping up the efforts to serve the real economy," said Liu Zhiqing, deputy director-general of the statistics IT and risk surveillance department of the CBIRC, the country's top banking and insurance regulator.

"Empowering residents from some underprivileged regions in China, Kuaishou has launched a series of rural entrepreneurship incubation programs that educate participants on how to set up and run businesses, as well as help rural residents sell locally made products since 2018," said Song.

"Every institute prides itself on the number of academicians it has, and they all devote a lot of resources and energy to persuading academicians to stay on, despite the fact many may have passed their prime," the researcher said.

"Despite the changes, the world still needs a peaceful and stable international order, which is crucial for all countries," she told China Daily.

"During the construction of the project, about 60 to 70 percent of the employees we hire, the materials we use and subcontractors we cooperate with will be from Serbia," he said. "We want to build a platform, through which Chinese companies could seek long-term development in Serbia and then in central and eastern Europe."