Once a backward country, China has now become the second largest economy in the world after 70 years of development since the country was established. As China now makes the transition from a labor-intensive, manufacturing-based economy into a services and innovation-oriented society, new plans and measures are undertaken to the economic development. CGTN brings you some of the most recent stories, such as the innovation hub Shenzhen and the chances and challenges of the development of the midwestern part of China.