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China is fast emerging as brand leader in a wide variety of sectors and many of the leading domestic companies are gaining global recognition for quality, according to a new report from Brand Finance, a London-based brand valuation consultancy.

China has suspended tolls on all roads, bridges and tunnels amid the outbreak to spur economic activity, and Liu highlighted the need to ensure that truck drivers are the main beneficiaries of the policy.

China is set to welcome eight days of national holiday this year as the Mid-Autumn Festival coincide with the country's National Day.

China has postponed the implementation of rules governing the use of rhinoceros and tiger parts, a senior State Council official said on Monday.

China has sped up financial opening-up in recent years. In 2018, the country removed foreign ownership caps of banks and financial asset managers. Foreign capital was also allowed to have majority ownership of securities firms, fund managers and futures companies in China.