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China will give priority to industries that are strong drivers of the economy, such as vehicle manufacturing and electronics, in the resumption of work after suspensions due to the novel coronavirus outbreak, the Ministry of Industry and Information Technology said.

China's Commerce Ministry said on Thursday that the country does not want an escalation of trade friction with the United States.[Photo/VCG]

China's Ambassador to the United Kingdom Liu Xiaoming says he hopes that Britain will soon reach a resolution on Brexit so that Chinese businesses in the UK can plan accordingly.

China will establish authoritative, unified and accessible credit records of all market players, based on their social credit codes, to boost government oversight, the State Council decided at an executive meeting last week. According to a statement released after the meeting, the government will step up oversight of the social credit of businesses to ensure fair competition and reduce the cost of market transactions.

China will gradually inject the capital it has pledged to invest in the bank based on its rules of operation, he added.