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China is the world's largest auto market, selling 28.08 million motor vehicles last year.

China has taken proactive fiscal policies and targeted monetary actions, including government subsidies for virushit companies and lower lending rates for small and medium-sized businesses.

China has set 2020 as the target year to achieve Xiaokang, with poverty eradicated, and GDP and per capita income doubling from 2010 levels.

China has taken a series of supportive measures, such as tax cuts and fee reductions, to boost the corporate sector. In February, the sub-index of PMI for large-scale enterprises was 51.5, up from 51.3 in January, but that for the small and medium-sized enterprises was 46.9 and 45.3 respectively, both below the 50 mark.

China has seen marked progress in combating poverty issues in the country's most impoverished regions over the past year, a period considered the crucial home stretch of the poverty reduction campaign, according to Liu, director of the State Council Leading Group Office of Poverty Alleviation and Development.