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Amid financial turmoil brought by the pandemic, it should have been an opportunity for the world to cooperate in surmounting the difficulties. A good example is that in late March, leaders of the Group of 20 major economies vowed to pump over trillion into the global economy to limit job and income losses from the coronavirus.

Among the world's major auto markets, China takes pole position in demand for electric vehicles and is leading in absolute terms for related infrastructure, despite deliveries tumbling in the first quarter.

Among the abolished regulations are the regulations on the implementation of the Administrative Supervision Law, which have been replaced by the National Supervision Law.

Amending the Party's regulations on the united front work is a major task for the CPC Central Committee to exercise full, strict and rule-based governance over the Party, and an important measure to consolidate and deepen the principles of Party and state institution reform concerning the united front, it added.

Among the key incentives is that companies would enjoy tax free export on agricultural products. Those that bring into the country machinery that is geared towards adding value to agriculture would not pay tax on the equipment imported.