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China kicked off the implementation of the registration-based IPO system on Shanghai's STAR Market last July, which eased the IPO standards for tech startups and shortened the IPO process.

China will actively push forward property tax and personal income tax reforms as it continues to overhaul its fiscal system, a senior official said on Wednesday.

China will closely follow the development of the epidemic in other countries and strengthen communication with those countries to reduce unnecessary cross-border travel and ensure its foreign exchanges and cooperation won't suffer major impact, he said.

China saw a drastic drop in daily inbound travelers compared with the same period last year, and the government is advising the Chinese people to postpone their travel plans abroad, especially to countries hit by the novel coronavirus.

China plans more steps to stimulate further opening-up, tech innovation