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China now has the second-largest billionaire group worldwide, despite COVID-19 putting a dent in global wealth accumulation, according to a recent report.

China will beef up pragmatic cooperation with Western countries and encourage them to sign bilateral extradition treaties or agreements on mutual assistance in criminal cases to help combat cross-border organized crime activity, including apprehending fugitives and recovering their ill-gotten assets.

China is willing to take this year's 55th anniversary of the establishment of diplomatic ties between the two countries as an opportunity to bring the bilateral ties to a higher level, Wang said.

China saw the sales of durable consumer goods including automobiles and home appliances notably rebound during the five-day May Day holiday, said a senior commerce official on Friday.

China will capitalize on the role of Shanghai and surrounding areas in opening up, President Xi Jinping said at the opening ceremony of the China International Import Expo in the city on Monday.