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Guan Qingyou, dean and chief economist at the Reality Institute of Advanced Finance, also expects abundant structural opportunities in China's A-share market this year.

Gong Daning, a senior engineer at the China Academy of Information and Communications Technology, a think tank, said China is in a pioneering position globally in the development of medium-frequency 5G telecom gear, smartphones and chips.

Globally, the company has showcased its technological advantages in building super high-rises and built nearly 30 high-rises over 100 meters tall in 16 countries as of June this year.

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Governor David Ige is expected to sign a bill into law later this week to restrict the sale and distribution of all sunscreens containing oxybenzone and octinoxate.

Government budgets for cultural heritage renovation will give priority to sites affected by natural disasters, said Song Xinchao, the administration's deputy director.

Governments and government officials who fail to honor promises to or deals with foreign investors, or make promises that exceed their jurisdiction will also be held accountable.

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Greater support will be given to expand automobile consumption, including fine-tuning restrictive measures on automobiles purchase, stimulating secondhand automobile market, and promoting new energy vehicle development. Promotional campaigns will be held for vehicle purchases in rural areas.

Growth in advanced economies is expected to moderate slightly to 2.2 percent in 2018 and further slow down to 2 percent next year, as central banks gradually remove monetary stimulus, according to the report.

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Goal in 2003 was making role model, now he voices pride in their success

Gu has paid back all the money he borrowed from the bank and his relatives and started accumulating savings. "I couldn't imagine my life would change to such a good state."