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Chen said at the briefing that red tape will be further cut for auto imports to reduce costs for importers so Chinese consumers can buy cheaper and better cars.

Children play with a robot at an outdoor market stall in Beijing's Haidian district on June 6, 2020. It is part of a citywide campaign to boost consumption. [Photo by Zou Hong/China Daily]

Chen also believes the 24 opposition lawmakers, who brought the lawsuit against the government, have a very slim chance of overturning the Court of Appeal's verdict — even though they may appeal.

Chen Jin: In my opinion, there do exist some global problems in front of us.

Chen Qiaoshan, senior medical analyst at the internet consultancy Analysys, said: "From the privatization of US stocks to the three-for-one share split return to the domestic stock market, WuXi AppTec is adequately prepared, and is familiar with the listing process. This explains why it got IPO approval in such a short period of time.