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China is speeding up efforts to open up its financial markets, providing foreign rating agencies great development opportunities, experts said after US-based financial information and analytics provider S&P Global was permitted to set up a subsidiary in China.

China is trying to shift its economy toward a growth model driven more by consumer spending, innovation and services while weaning it off over-reliance on exports and investment.

China is the world's biggest pork producer and consumer, producing about half of the world's total. Over the past 10 years, Chinese hog farmers raised more than 650 million pigs, with an annual pork consumption of 50 million tons.

China is a major producer and user of antibiotics among animals. Bacteria drug-resistance is becoming increasingly serious in China, forcing even more drugs to be used in the poultry and livestock industry, which causes serious threats to public health, according to the Ministry of Agriculture.

China is likely to come up with a fiscal stimulus package during the upcoming annual meeting of the country's top legislature, including raising fiscal deficit and expanding government debt, to contain the economic impact of COVID-19 epidemic and accelerate recovery, according to officials and experts.