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China saw another good grain harvest in 2020 with a 0.9 percent year-on-year increase in production, according to data released by the National Bureau of Statistics on Thursday.

China is well positioned for recovery given its resources and financial reserves, technological potential, human capital, state intervention and economic planning, he said, adding this is good news for Latin America.

China reported its first case of the disease in August in northeastern Liaoning province, and later outbreaks were reported in several other provinces.

China opened its asset management industry to international players in 2016 by allowing them to set up wholly foreign-owned enterprises to raise onshore funds and invest in the mainland's securities market. Previously, they could only enter the market by owning a minority stake in a joint venture with a local partner.

China strongly urged the US to stop the provocations and refrain from damaging the peace and stability of the region as well as Sino-US cooperation, he added.