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China's PPI has stayed in positive territory since September, when it ended a four-year streak of declines, partly due to the government's successful campaign to cut industrial overcapacity, which benefited the wider economy.

China will have more power to fight corruption and conduct international cooperation on criminal cases after two related laws were adopted by the country's top legislature on Friday.

China will provide 100 million face masks, 10 million protective suits and other urgently needed medical supplies to ASEAN countries as grant assistance and via commercial channels, he said.

China's capital markets drew the attention of the world despite the coronavirus pandemic this year, with foreign investors snapping up over 1 trillion yuan (3 billion) worth of stocks and bonds, according to a Monday report from Financial Times.

China's advance also comes as countries including Germany, Japan, and South Korea are unanimously turning to translate technological findings into new commercial products, according to the report.