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China will not forget the support from Italy when the country was at its hardest moment in the fight against the virus, Wang said, adding that China is now willing to stand firmly with the Italian people as well.

China will take multiple measures to stabilize pork supplies and prices, including expanding quality imports and releasing frozen pork reserves, the Ministry of Commerce said on Thursday.

China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.

China's IC industry production volume stood at 156.5 billion yuan (about .9 billion) in 2017, while the market value of the industry reached 541.1 billion yuan, according to the MIIT.

China will dish out more proactive fiscal policies and flexible monetary measures to drive the real economy and support a strong economic rebound once the epidemic is contained, officials said at a press conference on Monday.