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China has seen turning points in industries like energy, service, agriculture and manufacturing, leading to the reconstruction of the industrial landscape and competition model, he said. For the development of pioneer parks, it is necessary to develop first-mover advantages, gather innovative resources and build industrial clusters, said Xu.

China is set to return as a major cotton importer, taking 10 million to 15 million bales (2 million to 3 million tons) a year by 2019/20, compared with 5 million bales this year, according to Tim Bourgois, head of the cotton platform at Louis Dreyfus Company.

China is seeking to launch a green industry fund with the World Bank, part of which is expected to support the Belt and Road Initiative, a provincial economic regulation official told China Daily on Tuesday.

China implemented a strict lockdown in late January, and South Korea also introduced testing, tracking and isolation measures. As a result, the countries saw new infections peak in February, when the pandemic began to hit Europe hard, the officials wrote in an article titled "Emerging from the Great Lockdown in Asia and Europe".

China has the world's largest new energy auto industry. The country sold more than 490,000 new energy cars in the first 11 months of 2017, and the sales are expected to exceed 577,000 units in the whole year, according to statistics by EV-Volumes, an electric vehicle sales database.