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China's top healthcare insurance regulator has ordered a nationwide crackdown on insurance fraud by hospitals and drugstores, China News Service reported on Wednesday.

China, Wang added, has always carried out international cooperation in an open and transparent manner, actively shared epidemic information with the World Health Organization (WHO) and the international community in a timely fashion, and extended a helping hand to countries in need.

China's trade with 16 CEE nations hit billion last year, an increase of 15.9 percent year-on-year, said Ren Hongbin, assistant minister of commerce. Its trade with Germany reached 8 billion in 2017, up by 11 percent year on year, he said. However, the global trading system is facing an unprecedented challenge from rising trade protectionism and unilateralism, he added.

China's supply chain, service chain and value chain system formed around the industrial chain is the most complete in the world, he said, adding this unique industrial ecosystem has strong magnetism to attract multinational companies.

China's total tax revenue in 2017 increased by 10.7 percent year-on-year to 14.4 trillion yuan, according to data from the Ministry of Finance.