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The further opening-up of China and the establishment of a fair market environment will greatly help to promote full competition in the Chinese banking and insurance sectors. [Photo/IC]

The global population is aging due to increasing life expectancy and falling fertility levels, and that the number of countries experiencing a reduction in population size is growing, the report noted.

The government will prioritize efforts to expand the growth of new business models in the retail sector, with plans to boost the growth of online retailing, catering, diagnostic and education services, in addition to measures to develop e-commerce in rural areas to facilitate the sale of farm products, the Cabinet said.

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The game is played by four to six people, who discuss how the fictional Li Zhihui should respond to each scenario by choosing one of the solutions offered－each of which has a points value. The player with the most points wins.

The government is adopting targeted measures to hedge liquidity risks, and more supportive measures can be expected to roll out, said Zhu Junchun, an analyst with Lianxun Securities.

The fund, guided by the State-owned Assets Supervision and Administration Commission, is expected to raise initial capital of 113.9 billion yuan in the first stage.

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The golden pineapple has special significance, especially in the provinces of Fujian and Taiwan. Here, it is known as onglai in the local dialect, which sounds exactly like "wealth beckons".

The government will also promote international scientific research cooperation and support overseas scientists to lead or participate in science projects.

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The global automobile market has seen sales slump amid the coronavirus pandemic, while the Chinese market has rebounded since May, indicating market resilience and positive effect of policies, said Christoph Wolff, member of the executive committee at the World Economic Forum, who noted that the Chinese experience is referential to the global market recovery.

The fourth plenary session has pledged reforms to better ensure fair competition between domestic and overseas companies and fully implement the negative lists for market access while pushing further and comprehensive opening of services, manufacturing and agricultural sectors to foreign businesses.