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China still faces a number of major economic challenges that could dampen its future growth, such as the continued global spread of the coronavirus and an unfavorable international economic and trade environment, he said.

China plans to abolish the requirement that domestic insurance companies have to own at least 75 percent stake in insurance asset management joint ventures, the country's top insurance regulator said on Saturday.

China set a target of eradicating poverty in rural areas and eliminating regional poverty by 2020, and has helped over 13 million shake off poverty on a yearly basis. The country will reduce the poor population by 30 million over the next three years.

China welcomes France to be an important partner of the Belt and Road international cooperation, State Councilor and Foreign Minister Wang Yi has said.

China led in the number of metal, construction, automotive and real estate companies. However, healthcare and medical companies in the US outnumbered Chinese counterparts on the list.