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BeiGene President Wu Xiaobin said the green light also underlines China's progress in upgrading its pharmaceutical sector from its traditional strategy of making generic drugs to innovation-driven drug development.

Because the pandemic has changed the ways of doing business for many companies in both China and abroad, the Beijing-based CCPIT has launched a new digital platform－"Investing in China"－on Tuesday to better introduce commercial projects across China, as well as policy environment, industry characteristics, competitive advantages, investment requirements and project information. The platform uses Chinese and English interfaces to provide services to companies.

Beijing has also conducted research on measures like fuel taxes and low-emission zones, which have been implemented in Paris.

Beijing, however, has been identified as crucial to dissuading the DPRK from continuing along the path it has chosen. So much so that Washington seems to believe that Beijing alone can make a dramatic difference.

Beijing will foster breakthroughs in key and core technologies, and create a sound ecology for Beidou-related industries via cultivating competitive enterprises, according to the plan.