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China has biomass resources which can be burned directly or converted to liquid biofuels or biogas, but only 5 percent of the resource has been exploited, he said.

China deferred loan principal repayments worth 1.28 trillion yuan (0.1 billion) for 750,000 micro, small and medium-sized enterprises from Jan 25 to May 15 due to the novel coronavirus outbreak, the country's top banking and insurance regulator said on Wednesday.

China has become a major player on the IP front in a matter of decades, thanks to its continued efforts to foster, protect and utilize IP.

China has closed many old plants and merged hundreds of producers in pursuit of efficiency, and to cut overcapacity.

China has a large population and workforce. Employment and job security are key to guaranteeing workers' basic rights and wellbeing, and have a significant impact on economic development, social harmony, national prosperity, and the nation's rejuvenation. China is committed to the people-centered philosophy of development, attaches great importance to job security, gives high priority to employment, and pursues a proactive set of policies on employment. It fully respects the wishes of workers, protects citizens' right to work in accordance with the law, applies international labor and human rights standards, and strives to enable everyone to create a happy life and achieve their own development through hard work.