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As the COVID-19 outbreak sweeps across the globe and causes severe economic damage, whether China－so far the only major economy that has largely brought the disease under control－can manage a brisk recovery concerns not only the country itself, but the entire world.

As the epidemic is waning in the city, officials said volunteer work will focus on facilitating consumption and production, in addition to preventing re-occurrence of the infection.

As the domestic situation keeps improving, China has been trying within its ability to provide aid to countries that are in urgent need, he said. China will also do its best to support friendly countries that are suffering serious outbreaks and lack disease control supplies, especially developing countries in Asia, Africa and Latin America, he added.

As the US-ignited trade frictions with China escalate, some customers who have expressed interest in purchasing Wisconsin ginseng have backed off. "They're scared about what the tariffs are going to do to their margins," the 46-year-old grower said earlier this month, before both countries announced fresh tariffs.

As the most significant tax overhaul for two decades, the VAT reform is a key part of China's supply-side economic reforms. It was first piloted in Shanghai in 2012 and expanded nationwide in May 2016.