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The Chinese mainland's score increased by 132 percent, from 208 in 2010 to 481 this year, meaning the nation jumped from 11th place in the ranking of best-performing countries and regions for employability.

The China-Europe rail transport service was initiated in 2011 and is considered a significant part of the Belt and Road Initiative to boost trade between China and countries participating in the initiative. Amid the coronavirus pandemic, the service remained a reliable transportation channel.

The CTO will handle trust problems in a digitally highly developed world such as security risks, privacy and mortality , Wu added, deeming establishing trust in a highly digitization society or digital trust is extremely important against the background that every businesses will heavily use digital technology. He warned failure in digital trust will be a significant crisis.

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The China Securities Regulatory Commission (CSRC) said that it placed 13 rat trading cases on file in 2017, down 60 percent from the previous year.

The Chinese Consulate General in Houston said it will reach out to local police and request a speedy investigation.

The China Securities Regulatory Commission condemned Luckin Coffee's financial fraud on its official website on Friday.The country's top securities regulator vowed to resolutely crack down on securities fraud and protect investors' interests, according to the announcement.Listed companies should strictly obey the laws and regulations to disclose information in a true, accurate and complete manner.No matter where the company was listed, CSRC would investigate and crack down on fraudulent securities behaviors based on the law and international securities supervision cooperation arrangements, CSRC said. Luckin Coffee announced on Thursday that it had about 2.2 billion yuan (0 million) in fabricated transactions.The aggregated sales amount associated with the fabricated transactions was from the second quarter to the fourth quarter of 2019, according to an internal investigation.The figure has not been independently verified and is subject to change as the internal investigation proceeds.Certain costs and expenses were also substantially inflated by fabricated transactions during this period, the announcement said.The shares of Luckin collapsed as much as 81 percent on Thursday, the most within one day since its IPO on the Nasdaq Stock Market last May.The US-listed company Luckin Coffee, issuing securities via overseas regulators, registered in the Cayman Islands in June 2017.

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The Chinese government launched a more proactive and effective fiscal policy package to ease the shocks from the COVID-19 pandemic and increased this year's headline budget deficit to 3.6 percent of GDP, up from 2.8 percent in 2019.

The Canton Tower Science & Technology Conference, an event focused on emerging technologies, opened its 2020 edition on Tuesday in Guangzhou, the capital of South China's Guangdong province.

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The China-proposed Belt and Road Initiative has brought tangible benefits for businesses in Hungary, noted Wu. "The logistics volume in the park and the whole country has grown very rapidly this year. Our truck fleet is running at its maximum capacity and we have to rent trucks to cope with the trade flow," he said.

The China-Pakistan Economic Corridor is an important part of the Belt and Road Initiative, he said.