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China's recent emphasis on new infrastructure, including 5G base stations and data centers, will also bring new opportunities for foreign companies, said Zhao Juntao, Ericsson China president.

Chinese Air Force transport aircraft carrying medical experts and supplies arrived in Islamabad, "in an effort to help Pakistan cope with the COVID-19 outbreak", said the Chinese embassy in Pakistan on Twitter on Friday.

China's service trade deficit totaled 5 billion last year, with the United States as a major contributor. From 2006 to 2016, the deficit with the United States increased more than 30-fold.

China's top regulator for internet affairs called for internet associations and enterprises on Friday to create more online projects to help the poor to further contribute to the country's poverty relief.

China's small-and medium-sized enterprises account for more than half of the country's GDP growth and tax revenues and most of the jobs. But the financing bottleneck has become a major problem affecting their development. China has cut the reserve requirement ratio four times since the start of last year, which has substantially improved the access of small-and medium-sized enterprises to lower-cost funds.