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China and the EU, two important players on the world stage, enjoy a comprehensive strategic partnership. The EU is China's largest trading partner while China is the EU's second largest trading partner.

China and the EU need to remain committed to the overall direction of economic globalization. In his speech at the World Economic Forum in Davos earlier this year, President Xi Jinping underscored China's commitment to upholding free trade and put forward the proposition of making economic globalization more open, inclusive, balanced and beneficial to all. His message has given a boost to people's confidence in economic globalization.Powered by trade and investment liberalization and facilitation, economic globalization has always been and will continue to be a major driver for sustained global growth. Just as there is no panacea in the world which does not involve any pain, economic globalization is not problem-free. We need to face up to these problems and make efforts to address and alleviate their adverse impacts. In any case, one cannot stop eating for fear of choking, to apply the brakes on economic globalization or try to reverse course is neither advisable nor consistent with the historical trend. The most urgent task now is to uphold free trade, re-energize trade and investment, push the global economy onto the track of steady recovery and spread the benefits of economic globalization to more countries and communities. Both being beneficiaries of free trade, China and the EU should also be its staunch advocates.

China Vanke Co, one of China's largest property developers, admitted to being heavily bruised by the novel coronavirus and regarded cash flow as the means of mitigating the outbreak's economic fallout.

China COSCO Shipping Corp, China's State-owned shipping and logistics giant, calls for multilateral benefits in its overseas business in economies involved in the Belt and Road Initiative, said the company's chairman.

China Mobile, the country's largest telecom carrier by mobile subscribers, said in December that it is starting large-scale 5G trials and application tests in 17 cities, including Shanghai, Guangzhou and Hangzhou. China Unicom and China Telecom are also working on similar trials after the government allocated specific low and medium-frequency bands to them.