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Compared with the stable environment and potential market of the mainland, political turmoil in Taiwan is very frequent, which has had adverse effects on the economy and people's livelihoods, he said.

Commercial banks bought .6441 trillion worth of foreign currencies and sold .7557 trillion last year, resulting in net sales of 1.6 billion, according to the State Administration of Foreign Exchange (SAFE).

Compared with closing small coal mines, mergers between adjacent coal mines or mines with similar coal types significantly lower costs required to finance layoffs, said Wu Lixin, deputy director of the strategic planning research department at the China Coal Research Institute.

Confirming that the gross domestic product growth of the world's second-largest economy is projected at 1.9 percent in 2020 and 8.2 percent in 2021, as it predicted last month, the IMF highlighted the role of China in helping overcome "several of the major challenges" facing the global economy, which it forecast to contract by 4.4 percent this year.

Commerce Ministry spokesman Gao Feng said the five BRICS members－Brazil, Russia, India, China and South Africa－will deepen international cooperation in industrial capacity, promoting exports of Chinese equipment, technology, standards and services.