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China's biggest online shopping platform Alibaba also uses Alipay as the preferred method of transactions. A number of Pakistani individuals and businesses use Alibaba to order goods and products from China.

China will increase trade in agricultural products with countries involved with the Belt and Road Initiative, and promote industrial cooperation in the sector so exchanges and cooperation benefit all countries, he said.

China will reinforce regulations on public-private partnership projects as part of its efforts to prevent illegal borrowing by local governments, according to a senior official with the nation's top economic regulator.

China's A-share market was born in December 1990, when the Shanghai Stock Exchange debuted with only eight listed firms capitalized at more than 1.2 billion yuan (0 million) in total.

China will work with G20 members to implement the Debt Service Suspension Initiative to ease the debt burden of African countries and continue helping the continent to combat COVID-19, State Councilor and Foreign Minister Wang Yi said on Sunday.