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Wang thanked the German side for its moral and material support for China in the fight against the epidemic, briefed on China's anti-virus efforts and latest progress, and said China is confident and capable of defeating the epidemic at an early date.

The Chinese government has upheld the principle of "housing is for living in, not speculation" over the years to ensure the healthy development of the property market. The year 2019 saw intensified regulatory efforts with local authorities introducing a new round of measures tailored to local conditions.

Signing the deal "serves the interests of China, the United States, and the world as a whole," the ambassador stressed.

The courts will improve the legal environment supporting the development of the private sector, ensuring private enterprises use resources equally, participate in competition in an open, fair and just manner and receive equal legal protection in accordance with the law, so as to facilitate their reform, innovation and upgrading, it said.

"Regrettably, Britain once again blindly followed the footsteps of the United States and put up unfounded charges against China," Wu said.