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China's enactment of the foreign investment law is expected to further facilitate high-quality investment while protecting the legitimate rights and interests of foreign investors, Wang Chen, vice-chairman of the Standing Committee of the National People's Congress, said on Friday.

China's e-commerce giant Alibaba announced it is setting up a special 1 billion yuan fund to support medical supplies in Wuhan, the epicenter of the novel coronavirus outbreak. The fund will be used to purchase medical supplies and medicine from home and abroad, and will be delivered to hospitals in Central China's Hubei province.

China's digital economy has greatly advanced over the past few years, with its scale growing from 11 trillion yuan (.7 trillion) in 2016 to 35.8 trillion yuan in 2019, said Yang Xiaowei, deputy director of the National Cyberspace Administration.

China's credit expansion aims to strengthen the real economy's growth in the coming months, accompanied by the fine-tuning of the central bank's monetary policy and the deepening of reforms to facilitate the deleveraging process.

China's economic policies have raised a larger number of people out of poverty in a shorter period of time than any other recorded period in history.