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China's automobile market, which was hard-hit by the COVID-19 epidemic, started to recover in April, thanks to unleashed pent-up demand and encouraging policies, according to the China Association of Automobile Manufacturers.

China's ambassador to New Zealand, Wu Xi, in a keynote address to the conference, said the BRI had created new energy and momentum for global economic growth, and a framework for ideas such as the Southern Link to take shape.

China will develop a multi-level capital market, build a multi-level banking system, resolutely resolve risks, and give full play to the role of financial technology, according to Liu.

China will prohibit exports of products that have not been registered with medical products authorities or those without proper certificates, the statement said.

China's biotech product exports are rapidly increasing in volume and are being optimized in structure. Its pharmaceutical exports are shifting from active pharmaceutical ingredients (API) to preparations, said the report.