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Chinese Ambassador Cui Tiankai said he believes that China and the US "remain in the same boat", and the common challenge is to navigate through uncertainties or uncharted water for the benefit of both countries and the entire world.

China, which faces the challenge of feeding the world's largest national population, is teaming up with the United Kingdom to seek new ways to apply technology in the agriculture industry.

China, Japan and the Republic of Korea will actively push for signing of the Regional Comprehensive Economic Partnership agreement in 2020 and accelerate the negotiating pace of the China-Japan-ROK free trade agreement, their top economic and trade officials said in Beijing on Sunday at their 12th Economic and Trade Minister's meeting.

China's regulatory reforms have been recognized by the World Bank Group's Doing Business study. During the 13th Five-Year Plan (2016-20) period, the country climbed to 31st globally in terms of the ease of doing business for the 2020 study, versus 90th for 2015.

China's top-level policymakers held a meeting on Friday in which they said the country will use stronger macro policy tools to cushion the economic fallout. In the first quarter, China's GDP fell 6.8 percent year-on-year amid lockdowns, while indicators suggested a substantial recovery of business activities in March.