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Arriving at Tiptree Farm in the county of Essex in Southeast England, there's a scent of marmalade in the air.

As New China continues to celebrate the 70th anniversary of its founding, the renminbi is having its own moment under the sun, savoring the first decade of its internationalization.

Around 1,000 government officials and senior business executives will attend the 2017 Fortune Global Forum, which will open on Wednesday in Guangzhou, Guangdong province.

Approval procedures should be completed in three months for rare-disease medicines and six months for those to help combat life-threatening illnesses. Meanwhile, prices for anti-cancer medicines will be reduced following the zero-tariff policy adopted last month. An alert system for precautions against supply shortages will be further enhanced, and drug reserves will be substantially expanded.

As China upgrades its industrial sector and seeks new growth drivers, foreign investors are expected to get a slice of a bigger cake.