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China will work with all BRICS members to actively support Russia's Chairmanship. China also supports Russia's initiative to formulate a Strategy for BRICS Economic Partnership 2025.

China's Nasdaq-style STAR Market is set to attract more foreign investors in the coming quarters, thanks to the launch of its first market benchmark and its growing ability to attract quality tech names with overseas presence, according to leading global financial institutions.

China will give greater emphasis to opening-up based on rules and institutions, in a bid to pursue high-quality growth and assure an international competitive edge to its business environment, said Vice-Minister of Commerce Qian Keming.

China will spare no effort to stabilize foreign trade by increasing financial, insurance and fiscal support and strengthening cooperation with regional trade partners, especially Japan and South Korea, as the novel coronavirus pneumonia epidemic spreads worldwide, the Ministry of Commerce said on Thursday.

China's central bank will have more room to inject liquidity and lower the major interest rates to cushion any financial volatility and stimulate the economy, as domestic consumer inflation pressure eased and the global economy is predicted to suffer a deep recession this year amid the COVID-19 pandemic, economists said.