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China's monetary authorities lowered interest rates of major lending facilities, given a projection of moderate consumer inflation in coming quarters, in support of credit to smaller businesses hit by the novel coronavirus pandemic.

China's development in the new era would bring the world more opportunities, Huang said. "China is willing to make joint efforts with other countries to build a better world."

China's exports to ASEAN countries reached 9.1 billion in 2017, up 9 percent year-on-year, while imports grew 20 percent year-on-year to stand at 5.7 billion.

China's market regulator said on Friday that online discounter Pinduoduo should strengthen platform management and regulate business activities of third-party vendors to maintain fair competition.

China's non-financial outbound direct investment (ODI) dropped 6 percent year-on-year to 807.95 billion yuan in 2019, the Ministry of Commerce announced on Tuesday.