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Adding to continued steam for economic recovery, market confidence improved as evidenced by the fact that both manufacturing and non-manufacturing purchasing managers' index readings remained in the expansion zone for four consecutive months, while economically heavyweight regions across China have reported recovering performance, he said.

The funds were channeled for development of key areas including infrastructure connection, high-tech innovation, modernized industries, and protection of ecology and environment, the bank said.

Xi had four phone calls with Putin in as many months. Putin said by providing timely assistance to other countries affected by COVID-19, China has set an example for the international community and responded, loud and clear, to the provocation and stigmatization by some country. Putin also said Russia will stand firmly by China's side.

The country has more than 101.5 million people working in the field of science and technology by the end of 2018. Higher education is still the most important way to train sci-tech personnel, according to the report.

Saudi Arabia, he added, attaches great importance to the development of its comprehensive strategic partnership with China and hopes to strengthen bilateral cooperation in battling the pandemic, especially in vaccine research and development, better synergize its Vision 2030 and China-proposed Belt and Road Initiative, and deepen practical cooperation in various fields.