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China is ramping up efforts to put into place its macro policy package to support hard-hit businesses and individuals and boost domestic demand.

China has witnessed a staggering freefall in the number of international flights after the aviation regulator rolled out orders cutting down flights in and out of the country to curtail the rising number of imported cases of the novel coronavirus.

China is expected to replace the United States as the country with the most organ donations and transplants in 2020, he added.

China has stepped up efforts in recent years to regulate the shadow banking sector, often referring to activities performed by financial firms outside the formal banking sector, and therefore subject to lower levels of regulatory oversight and higher risks.

China has reiterated that the ruling was illegal and said it will not accept any proposition or action based on the decision.