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China and Pakistan are expected to focus on cooperation in tackling COVID-19 and bilateral ties, and exchange views over international and regional issues.

China aims to upgrade its industries to get a piece of the commercial action in such finished products. Whereas the country has been mainly a miner and shipper of rare earths in the past, it now seeks to become a top refiner and manufacturer.

China allowed foreign capital to take control of futures companies, mutual fund management companies and securities firms last year. In July, the office of the financial stability and development committee under the State Council, China's Cabinet, announced the full removal of foreign ownership caps in those sectors in 2020.

China Post and Huawei will jointly establish a laboratory for new technology application, while the Postal Savings Bank of China, affiliated to China Post, will collaborate with Huawei to build an innovation center.

China also sent medical expert teams to five ASEAN countries, namely Cambodia, the Philippines, Myanmar, Laos and Malaysia, and helped the Philippines and Myanmar build urgently needed virus-testing labs.