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China is expected to continue playing a stabilizing role for the global economy, with fewer concerns of an economic hard landing and financial risks in the country compared to a year ago, it said.

China is already more digitized than many observers appreciate and has the potential to set the world's digital frontier in the coming decades, according to global consultancy McKinsey, which attributed such success to the government's active role in building world-class infrastructure and shaping healthy digital development through regulation and enforcement.

China has published certain details for quality and quarantine checks: the age of the beef cattle should be less than 30 months; beef importers should be registered at the Certification and Accreditation Administration of China; cattle must be traceable to their birth farm; and China-bound beef will have to be free of residues of synthetic hormones and banned additive such as ractopamine.

China is also developing its own HPV vaccine. Clinical testing of a second-generation HPV vaccine, led by the National Institute of Diagnostics and Vaccine Development in Infectious Diseases, was approved by the China Food and Drug Administration in late November. It is expected to enter the market in 2022.

China has set a good example that can inspire other nations in coping with the COVID-19 outbreak, said Mamadou Ndiaye, Senegal's ambassador to China.