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As medical technology research and equipment manufacturing firms ramp up efforts to fight the novel coronavirus pneumonia, financial institutions have also played an active role by launching new measures to facilitate fundraising.

As of Monday, Victorians were given more freedom to travel and socialize after nearly three months of being largely confined to their homes -- during which time the number of daily cases has plummeted from over 700 to less than five.

As one of the first regions in China to become industrialized on the back of heavy industry, it was also known for its daunting business environment, largely because of high costs and low efficiency due to government bureaucracy under the long-term influence of the planned economy.

As of 2017, there are more than 2,700 registered textile companies in Xinjiang, which have provided jobs for more than 350,000 local residents.

As part of the country's broader opening-up push, the National Development and Reform Commission said on Tuesday that China will phase out the 50 percent equity cap that foreign carmakers can have in their joint ventures in China by 2022.