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China will focus on developing five metropolitan areas with the cities of Taiyuan, Guiyang, Lanzhou, Kunming and Yinchuan, said Yang Weimin, vice-chairman of the Economic Committee of the Chinese People's Political Consultative Conference National Committee and a member of the Standing Committee of the CPPCC National Committee.

China will lead a gradual U-shaped regional economic recovery, which will help anchor production and confidence in neighboring countries aided by the adoption of a wide range of stimulus packages to contain the novel coronavirus epidemic, said Toshinori Doi, director of the ASEAN+3 Macroeconomic Research Office, which monitors macroeconomic and financial stability in the region.

China will hold the second summit on digital development from May 6 to 8 in Fuzhou. This year's summit aims to serve as a platform for people at home and abroad to cooperate and contribute to digital China.

China won a single gold medal at the Pyeongchang 2018 Winter Olympics, its poorest performance for decades, but its drive to become a nation that is good at winter sports continues ahead of Beijing hosting the 2022 Winter Olympics.

China's central bank followed the Fed's rate hikes to lift the open market operation interest rate twice, in March and December last year, respectively. The moves were targeted to keep a relatively stable interest rate spread between the two countries and maintain a stable Chinese currency. It stood pat in June after the Fed's second hike this year.