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As the two sides reached an impasse, the DPRK took the opportunity to move forward with its program and, since 2005, has carried out five nuclear tests and numerous missile tests. In the meantime, the U.N. Security Council has stepped up sanctions, and the US and the Republic of Korea have been carrying out heightened military exercises to exert greater military pressure on the DPRK. Consequently, tensions are now running high and the channel for talks is closed, and the situation is increasingly dangerous.

As the country works to develop new monetary policy instruments that can directly stimulate the real economy, it is crucial to take steps to ensure enterprises can secure loans more easily and promote steady reduction of interest rates, said this year's government work report.

As the Belt and Road Initiative is set to push overseas investments to new heights, China should establish smart platforms using big data technologies to facilitate trade and investment, said Wu Qi, global vice-president of the consultancy Accenture.

As the global community fights COVID-19, the economy continues to plunge to new lows, with experts warning of a situation as dire as the Great Depression of the 20th century.

As the new road map will be carried out across China, per capita income could climb to 35 percent of the US per capita income in 2022. In relative terms, that corresponds to US living standards in the early 1990s and those in Western Europe in the late 90s. In advanced economies, such progress took two centuries; in China, just four decades.