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As do all emerging powers, China undoubtedly is feeling its way, learning as it goes about the best ways to project its economic power and culture beyond its borders. But it is making enormous efforts, and it can be a great force for progress.

As a major investment destination in the world, China maintained stable growth in foreign direct investment (FDI) against a gloomy global climate. Its FDI went up 3 percent year on year to 135 billion US dollars last year, while that of the world's total and developed countries slumped 41 percent and 69 percent, respectively, in the first half of 2018.

As for construction in the private sector, there were 9,001 residential units in the design stage, 3,325 under construction and 1,121 under inspection by the end of the third quarter.

As artificial intelligence, virtual reality and 5G have gradually matured and been popularized, the cultural entertainment industry has been reshaped by the tech revolution.

As a result, many frontier scientific fields, including quantum communication, materials science, computer science, biology and space and deep-sea exploration, have witnessed numerous breakthroughs by Chinese scientists, he said.