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"Government at different levels should take the initiative with the big picture in mind, striking a balance between 'enabling' regulation and risk preparedness, in our effort to build a level playing field for all to compete and excel."

"Hainan, which has developed advanced technologies for growing southern herbal medicine, will also conduct more cooperation on growing, research and development of southern Chinese medicine with southeastern Asian countries under the Belt and Road Initiative and help build international teams to ensure sustainable utilization of southern medicine overseas," he said.

"Given the large scale of China's economy and foreign exchange reserves, it is unlikely for the country to be significantly hurt by risks associated with cross-border capital flows, but it is still necessary to push ahead reforms to better leverage the market's role in managing risks," Liu said.

"Five years after the first Global Teacher Status Index in 2013, we can see, once again, China has come top, demonstrating just how much respect the Chinese public has for teachers," said Vikas Pota, chairman of the Varkey Foundation. "This is crucial because, as the Global Teacher Status Index 2018 shows for the very first time, there is a direct link between teacher status and pupil performance as measured by PISA."

"Global companies on the supply chain mitigate price volatility by locking into prices through futures contracts. This could help industrial upgrades," Li said.