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China is implementing the largest tax and fee cut of recent years, saving enterprises and individuals nearly 1.35 trillion yuan (about 9 billion) in the first seven months of this year. As a trade-off, governments at all levels are told to "tighten their belts".

China is developing the China Railway Express, also called the Sino-European freight train. The China Railway Express train has three routes: an eastern, central and western route. The central route links Mongolia and Russia and extends to other European countries.

China is to start the biggest public service campaign in its history to educate its policy-makers and citizens about the country's aging situation, said a senior official from the China National Committee on Aging.

China is aligning its money issuance pace and the expansion rate of aggregate financing with the nominal GDP growth rate, according to Sun Guofeng, director of the PBOC's monetary policy department.

China is confident in and capable of eventually defeating the novel coronavirus epidemic, and believes that the governments and market players on the global supply chain will do more to facilitate both exports and imports of China, Wang added.