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Beijing has ended its "wartime" mode policy easing and moved into a "wait-and-see" mode, said Lu Ting, chief economist in China at Japanese brokerage Nomura Securities."Unless China is hit by a serious second wave of COVID-19, 2021 appears to be a year of policy normalization."

Before Thursday's announcement, China Daily spoke to shoppers in the Washington area.

Beijing will accelerate development of a social credit system by completing the legislative and regulatory work in the sector by 2020, a senior official said.

Beijing and Washington also agreed to discuss extending the initial 100-day action plan to a one-year plan. The two sides will hold the first meeting of the Comprehensive Economic Dialogue during the summer this year.

Because of decreased mobility and industrial activity brought on by the pandemic, the International Energy Agency estimates that global emissions will fall by 8 percent this year, which is more in absolute terms than in any other year on record.