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China, the world's second largest economy, has been Dubai's biggest trade partner since 2014. It was followed by India, with a bilateral trade of 99 billion dirham, and the US, with 85 billion dirham.

China's rail transit system has developed rapidly in recent years, with 35 cities having built subways as of the end of 2018. The combined length of subway lines reached 5,295 kilometers last year, with the number of subway trips standing at about 21.3 billion in 2018, the ministry said.

China's policymakers have rolled out a raft of measures to cushion the COVID-19 shock. In addition to pumping liquidity into the market and cutting interest rate, China's central bank announced a decision last week to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effort to bolster the real economy amid the novel coronavirus outbreak.

China's sci-tech sector still has some weaknesses, and the core competitiveness of some industries should be improved, said Chen Yongjun, deputy head of the Institute of China's Economic Reform and Development at Renmin University of China.

Chinese A-share IPOs decreased in the first half of the year both in number and value terms, with estimates putting the year's total financing at 200 billion yuan ( billion), according to a PwC report released on Tuesday.