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China saw faster growth of tax revenue in the first quarter of this year, reflecting the stable and improving momentum of the overall economy, data from the top tax authority showed on Thursday.

China offers foreign aid in an open manner, he added, and is willing to carry out third party cooperation with other countries.

China last month unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, which aims to develop the region into "a role model of high-quality development".According to Lu, Guangxi is putting plans in place to merge comprehensively with the Greater Bay Area's development, particularly on transport, industrial collaboration, and human resources exchange. "We will boost the construction of high-speed railways, expressways, and also build more ports to form a multi-dimensional transport system for Guangxi to connect quicker with the Greater Bay Area," Lu said. The Greater Bay Area, one of China's most productive regions, is considered ripe for technological innovation. Lu said Guangxi will focus on key industries and incorporate the Greater Bay Area's technologies and platforms to aid Guangxi's industrial development. The inflow of tech talent is important: "We are aiming to arrive at a situation where we can bring in talent, form teams and work on projects. Thus we can promote particular industries," Lu said. Hezhou, in the east of Guangxi and adjacent to Guangdong, is Guagnxi's pilot area for Greater Bay Area integration. Lin Guan, mayor of Hezhou, said Guangxi and the Greater Bay Area are geographically connected and have a lot in common in culture and traditions. "The growth of the Greater Bay Area will definitely be a driving force for neighboring areas' economic development," Lin said. Hezhou has launched a three-year plan for Greater Bay Area integration, and local government, relying on Hezhou's location and rich natural resources, is exploring new models for increased cooperation.

China plans to raise tourism revenue to 7 trillion yuan by 2020, according to the country's five-year tourism plan (2016-2020).

China was the first major economy in the world to impose quarantine measures to halt the spread of the novel coronavirus, and was the first to resume business activities after effectively controlling the epidemic. The falling global demand will pose new labor market pressures and income losses could weaken the recovery in domestic consumption, said Zhu Haibin, chief China economist with JPMorgan.