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"China has seen fast progress in power supply since reform and opening up. Yet the time needed for getting electricity and the accessibility still fall short of expectations, due to both institutional issues and inefficiency in the power system," Li said, "Power supply is critical to industrialization and rural modernization."

"COVID-19 has been rampaging over the world, which requires the international community to further enhance global health governance," the report, released by the Chinese Academy of Social Sciences' Institute of World Economics and Politics, said. "As a responsible country, China should take the opportunity to further participate in and contribute to global health governance and share its wisdom in that regard with the rest of the world."

"China is doing well. We have been growing a lot here ... We are very happy with the performance we have seen in this market and it is still early in its development. We have only been serving this market directly from the US for the last 10 years and so it takes time to build a more profitable franchise," said Bastian.

"By strengthening the people's congresses' supervision of budget expenditures and policies, the guiding and constraining effects of policies on related budgets will be enhanced," the guideline said, adding that measures would also help ensure that the CPC Central Committee's major principles, policies and decisions could be better implemented.

"China has always been a builder of world peace, a contributor to global development and an upholder of international order. The growth of Chinese military also means the growth of the world peacekeeping force," he said.