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China will continue to carry out the China-US phase one deal and implement reform and opening-up measures that have been announced, including lifting share restriction in sectors including securities, fund management, futures, and life insurances.

China unveiled an ambitious blueprint in February to develop its own standards for autonomous vehicles by 2025, covering technological innovation, infrastructure, legislation, supervision and network safety.

China offers technical training to SCO members to stop traffickers

China will also work hard to promote the commercialization and industrialization of hydrogen fuel cell vehicles, as the sub-sector's development lags behind that of all-electric cars, Huang added.

China needs to meet the twin challenges of intensified protectionism and the damage done to global trade and investment activities by COVID-19. The nation may choose to maintain the growth of services trade at a steady clip and accelerate the pace of drafting the negative list for cross-border services trade.