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China has rolled out targeted measures to boost domestic consumption and pledged to further carry out reforms and apply new technologies to promote commerce as the country faces increasing external uncertainties and downward pressure.

China is considering setting up immigration affairs service centers or stations in areas with a large population of foreigners to make their work, study and living more convenient.

China has significantly aided Porsche recover its business lost during the coronavirus pandemic and the country is expected to play an even more important role in the post-pandemic era, said the German premium sports carmaker's CEO Oliver Blume.

China is also working on next-generation bullet trains with a maximum speed of 400 km per hour. They will be ready by 2020 for markets linked to the Belt and Road Initiative.

China is expected to reach high-income status by 2027 and is unlikely to linger in the middle-income trap, according to a report by US investment bank Morgan Stanley as reported by People's Daily Online.