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China has been making great efforts to strengthen international exchanges on technology over the past years. So far, it has established relations with 160 countries on technological cooperation and has signed 114 intergovernmental cooperative agreements and 346 talent exchange agreements.

China expects to work with other BRICS member countries to achieve more consensus and bring cooperation to a higher level, he added.

China cut its benchmark lending rate on Thursday to spur production and mitigate impact of the novel coronavirus outbreak on some fragile sectors, even as experts suggested that stronger and cheaper credit supply will help reverse an economic slowdown.

China has consistently advocated the rational development and utilization of space resources and the protection of the space environment, in order to make space industry benefit all mankind.

China currently contributes to 15 percent of the company's global revenue. O'Neill is optimistic the figure will grow as the firm expands beyond traditional auto services into retail banking and insurance.