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China has put a strong emphasis on the building of a social credit system since the State Council issued a guideline in 2014. The country will step up the building of social credit system by rolling out new market regulatory measures, according to an executive meeting of the State Council this week.

China has slapped a 25 percent tariff on pork and other agriculture products in response to the US imposing tariffs on Chinese aluminum and steel exports. This caused the US to threaten 25 percent tariffs on billion worth of Chinese imports and China responded with a tariff threat on US products including a 25 percent tariff on soybean exports.

China is planning to build a system in which carmakers assume responsibility for recycling used batteries, which will total a combined 200,000 metric tons by 2020.

China has taken a series of financial measures to reduce taxes and fees for enterprises, earmark fiscal funding to combat the pandemic and support infrastructure investment, and lower the cost of borrowing to bolster the corporate sector.

China is expected to become the world's largest civil aviation market by the mid-2020s, according to forecasts by the International Air Transport Association.