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Thanks to a robust year-on-year growth of 4.9 percent in its gross domestic product (GDP) in the third quarter, the country's economy expanded 0.7 percent in the first nine months, bucking a 1.6 percent contraction in the first half year and a 6.8 percent contraction in the first quarter when the virus took its toll.

Statistics have so far shown that these vaccines are safe and immunogenic, Wang said, adding that such pace of progress is among the fastest in the world.

Building on its major strategic gains in fighting COVID-19, China has made steady strides in economic development. The recently concluded Fifth Plenary Session of the 19th CPC Central Committee adopted recommendations for formulating China’s 14th five-year plan. The plenum underscored that China will finish building a moderately prosperous society in all respects within the set time frame, and will embark on a new journey next year toward fully building a modern socialist country. Based on a scientific analysis of the new stage of China’s development, we will stay committed to the new development philosophy, and actively foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. This new development paradigm is by no means a closed-door policy. Instead, it urges efforts on both the supply and demand sides to ensure unimpeded flow in production, distribution, exchange and consumption. While making the Chinese economy more resilient and competitive, it also aims to build a new system of open economy of higher standards. This will create more opportunities for the world to benefit from China’s high-quality development.

Despite disruptions due to COVID-19, the country's fintech innovations continued to provide better solutions for individuals, the real economy and social development, with the support of information technology including cloud computing, big data, artificial intelligence and mobile Internet.

China's NPC and the French National Assembly have maintained steady and regular exchanges through the mechanism since it was established in 2009.