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China will also strengthen financial support to promote the scale of industrial agglomeration and enhance the industrial competitiveness of major industries in Hainan, as well as innovating and developing trade finance, consumer finance, green finance and technology finance.

China unveiled a plan to remove or reduce import tariffs on goods including soybeans and precision instruments from several Asian countries, a move experts said will further facilitate trade activities and better defend the multilateral trading system.

China remains a magnet for foreign investment despite the COVID-19 pandemic, and one of Shell's key markets. So, the company will focus on providing fuels, lubricants and petrochemicals, he said.

China urged its commerce chambers to provide force majeure certificates for exporters to ensure their interests and help cut losses caused by the novel coronavirus epidemic in the country. [Photo/Sipa]

China now boasts more than 60 million virtual network service subscribers, accounting for 4.1 percent of the country's total mobile users, data from the ministry showed.