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China will remain cautious and strive to finally win the battle against the virus as early as possible, providing confidence for epidemic control in other countries, he added.

China will proactively promote cooperation through the Belt and Road Initiative, support a multilateral trade system and continue to maintain and contribute to economic globalization, the publicity leader told the symposium.

China's biotech industry has also been on the path of tremendous growth and Chinese biotech companies are in very good shape and on a strong trajectory due to tail winds, pointing to improvements in the clinical development environment, more channels to provide priority reviews based on clinical needs, expanding reimbursement over the past few years and the rise of local biotech hubs that provide opportunities for companies to work closer together, he said.

China will strengthen fintech regulation, the plan said, and build a fundamental and unified regulatory system. The authorities will accelerate drafting and assessment work for fintech regulations.

China will not close its door to the world, and will only become increasingly open, with its business environment becoming more open, transparent and regulated, Chinese President Xi Jinping said in a congratulatory letter on the opening of the forum Wednesday.