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China will exempt import tariffs on 28 drugs including all cancer drugs from May 1, the MOF announced on Monday.

China will keep a close watch on the strategy adopted by the United States vis-a-vis inbound investments and continue to oppose the use of national security to limit foreign investments, the Ministry of Commerce said on Thursday.

China will not sit idly and watch its legitimate rights and interests be damaged under any circumstances, the spokesperson said.

China will use fiscal policy to optimize economic structures this year, Minister of Finance Liu Kun said on Sunday at the China Development Forum 2019 in Beijing.

China's ODI has seen rapid growth in recent years. However, noting an "irrational tendency" in outbound investment, Chinese authorities have set stricter rules and advised companies to make investment decisions more carefully since last year.