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He said Foton's investment in research and development in the first quarter went up 27 percent year-on-year, adding that similar expenditure last year doubled from 2017.

He said Wey will enter the North American market in 2021 with two or three mid-size or compact SUV models. The company also plans to build factories to manufacture the cars locally. It is currently searching for locations.

He said China supports the establishment of a Palestinian state with full sovereignty and independence on the basis of the 1967 borders with East Jerusalem as its capital.

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He said Fed officials were keeping a close eye on the voices of financial market, and that Fed policy was flexible and clung to real-time economic developments.

He said that Indonesia has the fourth-longest coastline in the world, and the country has long been a hub for maritime transportation. "Indonesia's transportation advantage corresponds to China's proposal of the 21st Century Maritime Silk Road."

He said that in terms of the research and development of COVID-19 vaccines, China is sparing no efforts to be one of the top players in the world.

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He said that his administration looks forward to "continued collaboration" with the Congress on further negotiations with Japan to achieve a comprehensive trade agreement that results in more fair and reciprocal trade between the two countries.

He said "less stringent transportation restrictions" amid the pandemic also propped up China's trade with nearby countries.

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He said a new judicial interpretation to prevent courts from handling civil economic disputes through criminal punishments is being drafted, and a new group of such typical cases will be released soon to offer local courts specific guidance.

He said more types of collaboration between multinationals and local players also contribute to industry development.