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Customers visit a duty-free shop in Haikou, south China's Hainan province, on Oct 4, 2020. [Photo/Xinhua]

Cuomo said he also made the case for federal aid to states and localities that weren't included in the latest legislation working its way through Congress. He said the president was "very open and understanding" about that.

Cui Yuying, deputy head of the Publicity Department of the Central Committee of the Communist Party of China and vice-minister of the State Council Information Office, said despite all the efforts and achievements in introducing Chinese books abroad, few have made a significant international impact.

Cutting the one-year deposit rate, which is currently at 1.5 percent and unchanged since 2015, could be a further step by the People's Bank of China, the central bank, to boost credit and speed up resumption of business operations amid the novel coronavirus epidemic.

Cross-border mergers and acquisitions are expected to gather pace in China this year as the country's accelerated opening-up efforts, both in terms of widening market access and improving business environment, will boost inbound investments, a leading global law firm said on Monday.