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China has been closing down its steel mills, partly to cut overcapacity but more importantly to fight air pollution. Steel mills are largely responsible for the severe air pollution in Hebei province, next to Beijing.

China has been a driver in pharmaceutical, chemical and life sciences conglomerate Merck Group's three businesses that posted organic growth by 6.1 percent in 2018, according to its top executive in China.

China has become the only major economy in the world to achieve positive growth in 2020. With its opening-up elevated to a higher level, the Chinese economy is generating positive spillover effects for the world's economic recovery.

China demands that all parties involved in the conflict exercise restraint and cease fire immediately to ensure that such incidents do not happen again, he added.

China executed two child killers and two serial rapists on Wednesday after the Supreme People’s Court approved their death sentences.