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China is capable of sustaining a relatively sound momentum in industrial development in the second half of this year, despite challenges from the COVID-19 pandemic and global economic downward pressure, said the nation's top industry regulator on Thursday.

China has set a target to eliminate extreme poverty by 2020. This year, the leading poverty alleviation office called for integrated efforts nationwide, including upgrading rural industrial structures to prevent those lifted out of poverty from sliding back into difficulty.

China is in the middle of capacity cuts in the coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.

China has purchased a large number of airplanes from overseas and has many Airbus planes in operation across the country, Li said when meeting with the press with Philippe.

China hopes to work with Europe to further increase train capacity and economic benefits, and continue to expand logistics cooperation with Europe to enhance cooperation amid the pandemic battle, Geng added.