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China has allowed small and medium-sized banks to replenish capital by issuing perpetual bonds and preferred shares. It has also allowed insurance funds to invest in tier-2 capital bonds issued by smaller banks. Despite these efforts, quite a large number of small and medium-sized banks still cannot replenish capital via market-oriented financing channels, said Zeng Gang, deputy director-general of the National Institution for Finance& Development.

China has been taking proactive measures to push forward the research and application of self-driving technology, which will provide strong technological innovation support for building a comprehensive modern transport system, a senior official said on Tuesday.

China currently has 96 central SOEs. They have played an essential role in assisting the government in producing materials for epidemic prevention and control, building medical infrastructure and other supporting infrastructure facilities and supplying food, power and enhanced communication networks in Wuhan of Hubei province, epicenter of the novel coronavirus outbreak.

China has actually ramped up purchases of US products in recent weeks, as top trade officials of the two countries had a positive phone call late last month in which they reaffirmed their commitment to the trade deal.

China has been walking a fine line in balancing epidemic control and economic recovery, with targeted measures introduced to help firms safely restart their businesses.