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The country also sees cross-border e-commerce as a bright ray of hope amid gloomy global trade, the State Council, China's Cabinet, announced plans earlier this month to establish new pilot zones for cross-border e-commerce, support the processing trade and host an online version of the 127th China Import and Export Fair, or the Canton Fair - the country's signature semiannual export-promotion event, to minimize the pandemic's impact on global trade.

The conference is an arm of the United Nations that is responsible for implementing the Paris Agreement and UNFCCC. Notably, under the 2015 Paris Agreement, participating nations pledged to keep the global temperature rise between 1.5-2 degrees Celsius from 2005 levels.

The corporation, which has set up long-term economic and trade cooperation with more than 50 African countries so far, has been operating mostly in projects focused on economic and trade cooperation and in transportation, industrial and housing construction in overseas markets. Trade contracts with African countries in 2017 reached 1 million, he said.

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The construction of the two projects is conducive to ensuring energy supplies, the commission said in a statement on its website.

The country's 47 nuclear power units in operation meet all safety standards, while the quality of the 15 sites under construction is also ensured, said Guo.

The convention, established by the World Chinese Business Alliance and some international organizations, is aimed at pooling wisdom of talents on IoT to promote the establishment of a global IoT system.

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The country will take significant steps to develop elderly care, especially community elderly care services, as the number of people in China aged 60 and above has reached 250 million, the report said.

The continuous inflow of foreign capital was attributed to the current high profitability, low valuation, and increased openness of the A-share market, industry analysts said.

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The country will also expand the use of pilot programs to deepen reform of the administrative law enforcement system in the logistics industry to improve its efficiency; and it will streamline certain fees related to ports, highways and airports, he said. In addition, the ministry will step up its efforts to manage the effects of eliminating highway toll stations at provincial boundaries.

The consortium beat two rivals to win the EPC contract tender for .4 billion in June.