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China has started screening batches of effective drugs very early time and sifted chloroquine, favipiravir and carrimycin as potential candidates. Chinese scientists have also conducted research on traditional Chinese medicines and developed a series of treatment plans by using convalescent plasma and stem cells that could also be adapted to different patient conditions, he said.

China has revised its negative lists for foreign investment, further widening market access in such areas as finance, transportation, energy, resources, and agriculture.

China has thousands of SOEs, but many have stagnated due to lack of competition. The government is improving their performance through a series of reforms, moving toward mixed ownership and market-oriented management.

China is expected to provide new impetus for the development of internet technologies across the world, according to industry experts and entrepreneurs who participated in the 4th World Internet Conference in Wuzhen, Zhejiang province.

China has set a target to reduce the poor rural population by more than 10 million and take 300 counties off the country's list of impoverished areas in 2019 — an important year for winning the tough battle against poverty by 2020, State Council Leading Group Office of Poverty Alleviation and Development head Liu Yongfu said on Thursday.