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China's centrally-administered State-owned enterprises have joined the efforts to stem COVID-19 by producing raw materials for mask makers. On Wednesday, China's largest oil refiner Sinopec has built and begun operating another two production lines of melt-blown nonwoven fabric in Beijing.

China will reduce coal production by at least 150 million tons this year, Premier Li Keqiang said in the Government Work Report at the fifth session of the 12th National People's Congress.

China will give priority to stabilizing employment and ensuring living standards this year, aiming to add over 9 million new urban jobs and keep the surveyed urban unemployment rate at around 6 percent, according to the government work report.

China's auto market, which was hit hard by the COVID-19 epidemic, started to recover in April, thanks to unleashed pent-up demand and supportive policies.

China will further promote the amendment and supporting legislative formulation of the Anti-monopoly Law (AML), lay down anti-monopoly guidance, and reinforce investigation and treatment of administrative monopoly cases, said Gan Lin, vice-minister of the State Administration for Market Regulation, on July 31. Government officials and experts from worldwide, and executives of Chinese and multinational companies in various industries welcomed the administration's decision for a better and fairer market.