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China in 2018 recorded 39 orbital launches involving 105 spacecraft, 13 of which were commercial ventures with 36 combined satellites.

China is going to further open its insurance market to foreign investors, and regulators are striving to make it more attractive to foreign insurance institutions, said Chen Wenhui, vice-chairman of the China Insurance Regulatory Commission.

China has strengthened countermeasures, including increasing government spending, lowering lending rates, and boosting credit support for companies, to limit the outbreak's disruption to the economy. The central bank injected 1.7 trillion yuan (2 billion) of liquidity in the market and launched a 0 billion re-lending fund for commercial banks. In January, the country's new yuan loans and growth of aggregate financing both hit a historical high.

China hopes to strengthen coordination with Sweden in the United Nations and the Arctic Council, he added.

China has provided impetus to global economic progress by the application of responsive political and economic leadership toward sustainable development, he said.