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China reported its first case of the disease in August in the northeastern province of Liaoning. African swine fever is a highly contagious, viral disease that infects pigs. It does not affect humans or other animal species.

China is working on flattening both the pandemic and the recession curve by gradually resuming economic activities while continuing COVID-19 prevention and control measures. The ADB forecast notes that the country's GDP growth this year will outpace that of its peers in the region, with the Chinese economy predicted to expand by 1.8 percent.

China still has room for monetary policy expansion as the country's interest rates are not as low as they are in advanced economies, Zhou Xiaochuan, former central bank governor, said on Thursday.

China spent 120.9 billion yuan ( billion) in basic scientific research last year, a 10.9 percent year-on-year increase, he said, adding scientific spending by local governments and companies is on the rise.

China was the top country of origin in both the buying and selling of US commercial real estate last year, according to the 2017 Commercial Real Estate International Business Trends report, which was released on Tuesday by the National Association of Realtors.