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China's financial market opening-up is on a steady track, with domestic bond and stock markets set to be further incorporated into global indexes from the second quarter, the State Administration of Foreign Exchange said on Thursday.

China's economic growth is likely to contract sharply in the first quarter and the policy focus in the coming months should be on containing the risk of rising unemployment and preventing temporary shocks caused by the novel coronavirus outbreak from becoming permanent damage, economists said.

China's disaster relief authorities have launched a level IV emergency response plan to help flood victims in Anhui Province, the Ministry of Emergency Management said Wednesday.

China's mainland held about 1.36 million patents for invention by the end of 2017, meaning on average 9.8 patents for invention per 10,000 people, according to the State Intellectual Property Office (SIPO).

China's consumption is only temporarily suppressed due to measures for the prevention and control of the pandemic. In the second half of the year, consumption started to see a rapid recovery and growth.