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As recently launched mixed ownership reform pilot programs only offer limited experience for other companies, more far-reaching reforms are expected next year, according to Conrad.

As well as being a scientist, Gao has other duties. He is the director of the Chinese Center for Disease Control and Prevention (often referred to as the China CDC), the dean of the Savaid Medical School of the University of Chinese Academy of Sciences and the vice-president of the National Natural Science Foundation of China.

As the government pushes business resumption and policy assistance to help market entities overcome difficulties, China's economy has rebounded at a faster-than-expected speed from the impact of the novel coronavirus contagion.

As platforms for cultural communication, 54 Confucius Institutes, mainly in universities, and about 30 Confucius Classrooms set up in elementary and high schools, have been opened in 41 African countries. They have enrolled 1.4 million students and contributed to establishing Mandarin as part of the national education systems of 14 African countries.

As the former vice-president of the China Micro-Credit Companies Association, Bai noted that many banks are less capable than microcredit companies in terms of customer acquisition and risk identification when they are dealing with farmers, small enterprises and individually owned businesses. In her view, the government should encourage large and medium-sized commercial banks to collaborate with microcredit companies in promoting financial inclusion.