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China increased its deficit by 1 trillion yuan (9.5 billion) and issued 1 trillion yuan in special COVID-19 response bonds as part of a more proactive fiscal policy, with the Cabinet setting up a special transfer payment mechanism to funnel the 2 trillion yuan directly to prefecture and county governments.

China is expected to import 30 million metric tons of crude oil from Russia annually starting from next year through two transmission pipelines between the two countries, in the latest step to guarantee China's energy diversification.

China is the world's largest outbound tourism market, with some 150 million overseas trips made last year, up 14.7 percent compared with 2017, according to the China Tourism Academy. But the market is maturing as more tourists seek independent travel to explore local experiences, said Zhang Yang, a researcher with the academy.

China is the largest source of foreign investment in Nepal while the country recorded economic growth of 6.5 percent last year and the World Bank has predicted the growth rate to reach 7.5 percent this year.

China is expected to attain its economic growth target of 6.5 percent with the economic aggregate reaching 90 trillion yuan in 2018, said Ning Jizhe, head of the National Bureau of Statistics, in an interview with CCTV on Monday.