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China is likely to come up with a fiscal stimulus package during the upcoming annual meeting of the country's top legislature, including raising fiscal deficit and expanding government debt, to contain the economic impact of COVID-19 epidemic and accelerate recovery, according to officials and experts.

China is also estimated to have more billionaires than the United States in the past four years, CNN reported citing another study by consulting firm Capgemini.

China is now the UK's single biggest export partner by volume, making up 20 percent of exports valued at 80 million pounds (2 million) a year, according to the National Pig Association in the UK.

China is adopting the 5G network to meet public demand in sectors such as transportation, entertainment and health care. In late 2019, Chengdu, capital of Southwest China's Sichuan province, also put the city's first 5G-covered bus into service.

China hopes the United States chooses "cooperation and mutual benefit" instead of "confrontation and mutual loss" in addressing trade issues, but it is prepared to respond to any US measures.