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The COVID-19 epidemic hit the country's economy in the first quarter of this year. As the epidemic has been put under effective control, China's economy is already in recovery mode. Yang said he had confidence in China's positive economic fundamentals in long-term trends and the country's prospects for economic development this year.

The CPC's economic system reform has been evolving, changing the role of the market from a basic to a decisive one. Social and ecological progress has been gradually added to the overall structure of socialist construction which originally covered political, economic and cultural aspects.

The C919, the single-aisle, 168-seat and twin-engine jet, is a commercial aircraft for medium-haul flights. The homemade plane is expected to compete with the updated Airbus 320 and the new-generation B737, which currently dominate the market.

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The Belt and Road Initiative, which embodies responsibility, win-win cooperation and genuine pursuit of common development, offers the world a Chinese approach to the challenges of today; a balanced, equitable and inclusive development model.

The Belt and Road Initiative, comprising the overland Silk Road Economic Belt and the 21st-Century Maritime Silk Road, seeks to build a trade, investment and infrastructure network connecting Asia with Europe and Africa, along and beyond the ancient Silk Road trade routes.

The BCG also warned that if shipments of US chips and chip making equipment to China were stopped, and China banned imports of US electronics and software, it could cost US companies 37 percent of their annual sales.

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The Byton concept electric SUV was unveiled to investors and auto industry observers on Sunday at a news conference in Las Vegas before the start of CES (formerly called the International Consumer Electronics Show).

The CBIRC, China's top banking and insurance regulator, has announced 34 measures to further open up the banking and insurance sectors since 2018. The revisions of relevant laws and regulations are basically completed.

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The CSRC has sought public opinion on the issue, indicating the market may be nearing launch of such products.

The Belt and Road Initiative has focus on infrastructure, trade, investment and intellectual property protection. In such a vast multilateral economic partnership, it is hard to avoid controversy, said Wang.