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China has planned to invest 19.78 billion yuan (.8 billion) in a relocation program to build 60,931 houses in around 970 settlements for 266,000 poverty-stricken citizens in the southwestern autonomous region of Tibet.

China attaches great importance to developing bilateral relations with Laos, and will continue to adopt friendly policies to the Lao side, Xi said, adding that he believes the Lao people will achieve greater success in their pursuit for reform and renewal.

China consolidated its position as the second largest insurance market globally in 2018, with total premiums reaching 5 billion. However, the Chinese market is currently still less than 40 percent of the size of the U.S. market and is also smaller than the three largest markets in Europe - Britain, Germany and France - combined.

China developed the Type 62 light tank in the 1960s and had used it in its armored forces in southern regions for more than 50 years until retiring them in 2013.

China has made considerable progress in speeding up production, and the country will ramp up efforts to ensure the resumption of work goes smoothly to fight against the novel coronavirus pneumonia outbreak, the country's top economic regulator said on Wednesday.