Last year, in the midst of 2020 uncertainty, Chinese Premier Li Keqiang laid out the nation's ambitions for its GDP at Beijing's yearly session of parliament, the main expected goals for development this year.

Our GDP growth of more than 6% urban surveyed unemployment rate of about 5.5% and the consumer price index at about 3% of GDP growth target of 6% was seen as modest by analysts who had predicted China's growth this year could soar to 8%.

Last year, China grew by just a little over 2% its weakest in more than 40 years.

However, it was the only major economy to grow at all in 2020.

China's development this year still faces many risks and challenges, but the fundamentals of the long term economic improvement have not changed.