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China will continue to work vigorously to improve livelihoods and lift no less than 10 million people out of poverty in 2019 in order to lay a solid foundation for winning the battle against poverty, a State Council executive meeting chaired by Premier Li Keqiang decided on Monday.

China will start to amend rules relevant to foreign-funded insurance companies in the near future, Shanghai Securities News reported Wednesday, citing anonymous sources.

China's annual refining capacity reached 720 million tons by the end of 2016 and the country has 24 large-scale refineries in operation. It owns critical intellectual property and world-class technologies and has significant experience planning and constructing large-scale refineries, the report said.

China will focus on the fight against poverty in deeply impoverished areas in Tibet autonomous region, Xinjiang autonomous region, and the provinces of Qinghai, Gansu, Sichuan and Yunnan.

China will lead a gradual U-shaped regional economic recovery, which will help anchor production and confidence in neighboring countries aided by the adoption of a wide range of stimulus packages to contain the novel coronavirus epidemic, said Toshinori Doi, director of the ASEAN+3 Macroeconomic Research Office, which monitors macroeconomic and financial stability in the region.