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China is planning to develop its cultural industry into a key area of the national economy by 2020 by upgrading its structure, encouraging major brands and boosting consumption.

China has proposed recommendations and measures on the global fight against the novel coronavirus pandemic, including its decisions to make its vaccine, "once available, a global public good," provide billion in international aid to affected countries, especially developing countries, cancel government interest-free loans owed by African countries due to mature by the end of 2020, and implement the G20 Debt Service Suspension Initiative.

China is currently the world's fastest growing market for beef consumption. Its beef imports mainly come from Australia, Argentina, Brazil and Uruguay. China's domestic beef market has a 10 percent demand gap that needs to be filled by imports.

China is a very close partner of Russia and the volume of bilateral trade is constantly rising independently of the international economic environment, Peskov told Russian news channel RT.

China has released another 7,942.21 tons of frozen pork from its central reserves to increase market supply and stabilize pork prices, the National Development and Reform Commission said Tuesday.