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China will hand down more severe punishments to those who commit environmental crimes in the Yangtze River Economic Belt, according to a document issued by five central departments on Wednesday specifying offenses and punishment standards.

China will not sit idly watching its legitimate rights and interests being damaged under any circumstance, the spokesperson said.

China will further unleash the full potential of domestic consumption by eradicating poverty. The country is determined to complete the task of poverty eradication by the end of this year.

China's IPO market bucked the global decline last year as the debut of the sci-tech innovation board in July drove IPO activity up, said Zhang Ningning, an assurance partner at EY.

China will invest more to upgrade the country's infrastructure projects in such fields as charging piles, ultra-high-voltage grids and intercity transit systems, with a firm goal of sustaining economic growth amid the novel coronavirus epidemic.