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China delivers on its promises and vows to significantly broaden market access. The measures include easing foreign equity restrictions in the industries of automobiles, ships and aircraft, significantly lowering the import tariffs for automobiles and reducing import tariffs for some other products. A timetable for further opening the financial sector was also disclosed by central bank governor Yi Gang during the Boao Forum for Asia annual conference in Hainan province from April 8 to 11.

China has loosened up market access for foreign banks that want to invest in domestic lenders.

China can achieve its target of having about 1 million 5G base stations by the end of this year, despite the US government's latest curbs on Huawei Technologies Co, a national political adviser and renowned 5G expert said.

China has already become one of the key markets for Nestle worldwide with strategic importance, and Nescafe has a full portfolio in the country ranging from ready-to-drink coffee to soluble coffee to capsule coffee, he said.

China has imported about 1.2 billion yuan (1 million) of medical supplies to assist with virus control since Jan 24, and it is also looking to ratchet up domestic production and speed up the transportation of these supplies to key regions plagued by the novel coronavirus outbreak.