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China is following the pattern established by Japan. What's remarkable in China's case is that it is taking far less time to undergo the same transformation.

China is the world's biggest crude oil importer. Since the launch of the Shanghai crude oil futures a year ago, futures contracts have been delivered seven times, with a total delivery volume of 7.2 million barrels. Related businesses such as trading, settlement, currency exchange, cross-border currency transfer, and delivery in bonds have been operated, which have promoted overseas energy companies' participation in the China market.

China has stepped up the development of green finance system to promote green, low carbon development of its economy, according to Ma Xianfeng, deputy director general of China Securities Finance Institute and deputy chair of Green Finance Committee of China Society for Finance and Banking.

China is one of the founders and guardians of the current international system and world order, Wang said, noting that China is willing to enhance its cooperation with other countries including Britain to defend multilateralism and tackle all kinds of challenges.

China has released many favorable tax policies to support small and micro businesses to ride out the epidemic and will ensure these measures can materialize, a senior official said on Saturday.