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China on Monday started to slash VAT in multiple industries.

China stands ready to enhance coordination with Singapore to explore the establishment of an "express line" to ensure the necessary exchanges between the two peoples, and a "green channel" to guarantee the fast and convenient delivery of much-needed medical supplies, Wang said.

China on Thursday banned businesses from getting involved and profiting from Buddhist or Taoist temples' operations and religious activities.

China will continue to roll out new measures to elevate its economic opening-up to a higher level, Foreign Ministry spokeswoman Hua Chunying said at a daily news briefing in answer to a reporter's question about the World Bank study on Thursday.

China tightened regulations for cash management-oriented wealth management products to firmly implement new rules governing the asset management industry, which is undergoing a huge transformation.