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As the second largest economy contributing roughly 30 percent of global growth, China has sailed in the uncharted waters to address tough reform tasks, shifting into a consumption-driven economy and implementing a supply-side reform to achieve green and sustainable development.

As the most representative consumer goods stock in the A-share market, Shanghai-listed Moutai boasts a market value of about 900 billion yuan. Among the 15 listed Chinese companies with the highest market valuations, Moutai is the only one from the consumer goods sector. The others are mostly from the technology, finance, telecommunications and petroleum sectors.

As we speak, China's manufacturing sector is basically open. It is gradually lifting restrictions on access to the modern services sector. And it is opening up the financial sector with accelerated pace and at a higher level. Going forward, China will continue to quicken its steps to increase market access for foreign investment. Take for example foreign ownership caps in joint venture firms in sectors such as securities, future and life insurance. China has brought forward the deadline for lifting the caps from 2021 to 2020. At the same time, China has also cut short the 2019 edition of the negative list on foreign investment, reducing the 48 items on the list to 40.

As per the report, this is the sixth consecutive quarter of Huawei's double-digit growth.

As the ruling party, the CPC has made "working for people" the guiding principle and starting point for all work. "Serving the people", "being responsible for the people" and "being subject to people's examination" are the important principles the Party and the Chinese government have always adhered to. In particular, since the 18th National Congress of the CPC in November 2012, "people-centric" has become the basic principle for promoting the cause of socialism with Chinese characteristics in various fields, and creating a prosperous and happy life for the people the top human rights cause.