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China signed 12 cooperation agreements under the framework of the initiative with other countries including Singapore, Montenegro and Kyrgyzstan, as well as with international organizations such as the World Economic Forum and agencies within the United Nations.

China may adopt a differentiated timetable, with big cities like Beijing and Shanghai achieving the goal as early as 2030, with less developed regions at a later time, he told CNR News.

China should fully prepare to deal with changes from the external environment for quite a long time given the continued spread of COVID-19 globally and the downward pressure facing the world economy, Xi Jinping, general secretary of the Communist Party of China Central Committee, said on Wednesday.

China will conduct "combat-oriented live-fire drills" and test new weapons to protect national security and regional stability, Defense Ministry spokesman Yang Yujun said on Thursday.

China will be stepping up financial support for the manufacturing industry, small businesses and international trade companies to promote economic recovery and high-quality development, senior bank executives said.