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"Digital trade" refers to the production, distribution, marketing, sale or delivery of goods and services – domestically and abroad – supported by cross-border digital flows. This consists of trade in digitally enabled products and services and cross-border data flows that create economic value in the domestic economy, according to the report jointly released by the Center for China and Globalization as well as the Hinrich Foundation.

"E-commerce is helping rural people to join the digital economy, and some of them even have started their own businesses online," she said.

"Elderly care, child care and housekeeping services are crucial to improving people's well-being, addressing the aging of the population and boosting employment. There is huge demand in this regard. The inadequacy of child care service, in particular, has become a bottleneck issue with the implementation of the second-child policy," Li said. "Faster development of such services can serve multiple purposes, including boosting consumption, promoting a better division of labor and facilitating economic transformation."

"Everyone will see strong efforts pushing for reforms and restructuring, especially market-oriented restructuring, of small and medium-sized banks this year," Cao said.

"Family members face changing roles and endure corresponding pressure with the arrival of newborns," said Zhao Fang, a professor of School of Social Development and Public Policy at Fudan University.