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China Vanke, the country's leading residential developer, posted a 99.7-percent jump in sales, which totaled 150.3 billion yuan in the first quarter.

China and the US initiated talks in 2008 on a bilateral investment treaty, the signing of which will ease two-way investment procedures. The ongoing trade tensions have brought more uncertainty to its possibility of success.

China accounts for about one-fifth of the global production of multifunction ventilators and for about 50 percent of global face mask output.

China also rolled out taxation preferential policies last year for high-tech small and-medium-sized enterprises as well as start-ups to encourage entrepreneurship and innovation.

China Southern Airlines (CSA) on Wednesday launched a direct flight between Kenya's capital Nairobi and Changsha, the capital of Hunan province.