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China has rolled out a set of measures to help small and micro businesses overcome difficulties caused by COVID-19, including encouraging financial institutions to provisionally defer loan repayments and increasing lending at concessional rates.

China is Uruguay's top trade partner and the latter was the first country of Mercosur, a South American trade bloc, to sign the memorandum of understanding on the joint building of the Belt and Road Initiative (BRI) with China in 2018.

China is expected to continue its dominance in the global luxury scene, said Bruno Lannes, a partner in global management consulting firm Bain & Co Shanghai office, while noting the millennial generation is still the main driving force for the development of China's luxury market.

China is now the biggest holder of world natural as well as cultural and natural heritage sites, with 17 sites in the country accounting for 6.8 percent of the global total.

China is expected to have 576 million 5G users by 2025, or over 40 percent of the global usage, according to a report released by global consultancy EY.