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Since the country's reform and opening-up four decades ago, China has lifted about 700 million rural people out of poverty, accounting for more than 70 percent of the world's achievements in poverty reduction.

Since the beginning of this year, the central bank has reduced the reserve requirement ratio (RRR) by a total of 1.5 percentage points, amid interest rate cuts via the medium-term lending facility and open market operations.

Singapore's Trade and Industry Minister Chan Chun Sing told local media on Monday that "Hong Kong's continued success as an economic and financial hub is important for the region and the world, including Singapore".

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Since the outbreak and lockdowns started in late January, supply chains have been disrupted as has industrial production in China, which is now bidding to resume normal operations.

Since then, the Hangzhou court has handled more than 11,000 cases, 9,600 of which have been concluded. The average trial lasted 38 days, about half as long as in conventional courts.

Since Feb 10, a daily dispatch mechanism has been established to track the latest progress of this year's 220 provincial major projects, with total investment of 541 billion yuan.

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Since the initiative was proposed in 2013, Horgos, an old port bordering Kazakhstan in Xinjiang, has seen "explosive development," local officials said.

Since early work resumption further validates China's manufacturing advantages over other emerging markets, the country will likely remain one of the top investment destinations for global investors. Foreign firms are satisfied with China's enhanced efforts in fighting the contagion and boosting its economy via new policy measures since February.

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Since January, the onshore yuan has appreciated by about 1.2 percent against the US dollar. In 2019, the yuan-to-US dollar exchange rate dropped by 1.3 percent. The degree of vulnerability of the yuan-to-US dollar onshore spot exchange rate was 7.7 percent last year, an indicator of higher flexibility, according to SAFE data.

Singh said a solution would soon be found to the ongoing stand-off between India and China at Doklam and that he hoped Beijing will make a positive move in this regard.