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Another wave of cold air is expected to rage through northern China from Friday to Monday, dropping temperatures in most parts in the region to new lows, according to the National Meteorological Center.

Another factor contributing to China’s achievements has been opening-up, which has helped China to leverage its comparative advantages and raise its competitiveness and development level by integrating it into the global division of labor and industrial and value chains. In this process, we have also endured huge pressure, paid a high price, and experienced growing pains. Some obligations China assumed upon WTO accession far exceeded what was required of a developing country and even approached the level of a developed member. For example, China undertook to cut tariffs for agricultural products to around 15%, only one quarter of the world’s average level and lower than that of many advanced economies. Some industries in China were inevitably affected in the open marketplace, leading to bankruptcies and lay-offs. In some sectors, domestic brands came to be outnumbered by foreign ones, such as in passenger vehicles.

Apart from bad loans, 52 percent of bankers surveyed said they will pay close attention to risks associated with local government debt.

Apart from China's improved business environment dominated by the market economy, the nation's comprehensive advantages based on efficiency, labor quality, resources and digital and physical infrastructure will continue to help the nation attract investment from global companies over the long term. Backed by its institutional advantages, impressive mobilization ability and industrial system, the country's epidemic prevention and control work fully demonstrates China's strength in overcoming difficulties. This will play a key role in attracting foreign investment in the future.

Another 12 countries were considered partially sufficient in meeting the goal of cutting emissions between 20 to 40 percent by 2030.