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China's private equity market is likely to rebound in the second half as the COVID-19 outbreak is gradually contained across the country, according to industry insiders.

Chinese Premier Li Keqiang (3rd L) delivers a report on economic and social development during the 19th Meeting of the Academicians of the Chinese Academy of Sciences (CAS) and the 14th Meeting of the Academicians of the Chinese Academy of Engineering (CAE) in Beijing, capital of China, May 29, 2018. [Photo/Xinhua]

Chinese President Xi Jinping and Kim had a historic meeting during the visit. They achieved significant consensus on continuing and developing China-DPRK traditional friendly relations, as well as enhancing strategic communication and cooperation between the two countries, thus starting a new chapter of bilateral relations, Wang said.

China's pharmaceutical market has been constantly growing in recent years, and is estimated to reach 1.8 billion by 2023, taking a 30 percent share of the global market, said an industry expert.

China's role is vital. Over just a few decades, it has grown into one of our largest business sectors, while securing its position on the global stage. China is currently the largest market in the Asia-Pacific region. In terms of revenue by region, Europe accounts for 44 percent of the global market, with the US generating 18 percent and the rest of the world 38 percent.