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Meanwhile, traditional hypermarket operators such as Suning and Yonghui have turned to smaller-scale and community stores for a new growth point, he added.

Meng Qinghong, Changchun Yidong's president, said the company to date has provided auto parts, in particular clutches, to more than 50 auto factories. Its clutch products for heavy trucks have a 26 percent market share in China.

Meituan declined to comment on a potential IPO and said that it will make an announcement at a proper time if it has specific fundraising plans.

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Meanwhile, the government will support private enterprises to enter sectors like smart manufacturing and help improve China's basic industrial capacities.

Media reports showed people visiting the Eidgah Mosque in Lucknow, the capital city of northern state of Uttar Pradesh, and the Kalkaji Temple and the Bangla Sahib Gurudwara in Delhi.

Meanwhile, the ministry gave a green light earlier this week for 22 officials of Hyundai Asan, a Hyundai Group unit in charge of inter-Korean businesses, to visit the Mount Kumgang resort from Friday to Saturday to mark the 20th anniversary of the establishment of the Hyundai Asan.

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Medical equipment producers are also ramping up their efforts. Shenzhen-based Mindray said that the company received orders from over 100 countries and regions since March. From the end of January to May 19, the company had shipped over 100,000 medical equipment, including ventilators and monitors, overseas.

Mexican Minister of Economy Graciela Marquez said investment in infrastructure has been central for achieving economic and social development. "The Chinese expertise on how to enhance innovation through the development of new infrastructure, and especially through the growth of technology, offers new tools to strengthen our participation into global value chains," she said.

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Meanwhile, the unemployment rate in urban areas has been kept under 4.1 percent, below the limit of 4.5 percent set by the government.