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China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises and support high-quality growth of the real economy, said the China Securities Regulatory Commission in October.

China first submitted its re-entry application in 1986 to the General Agreement on Tariffs and Trade, but negotiations dragged on past the establishment of the WTO in 1995. The process became more complex as more parties got involved and more demands were made on the Chinese economy.

China called on G20 members to enhance coordination and cooperation and adopt open trade policies to reduce the impact of the COVID-19 outbreak on global supply chains to facilitate cross-border flow of goods and services, according to the country's top commerce official.

China has been the world's largest market for electric vehicles and plug-in hybrids since 2015. The China Association of Automobile Manufacturers estimated sales this year could reach 1.3 million, up more than 8 percent from 2019.

China has issued 4,318 force majeure certificates as of Thursday to protect companies from legal damage arising from the novel coronavirus epidemic, data released by the China Council for the Promotion of International Trade showed.