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The country cut 123.9 billion yuan (about .7 billion) in social security premiums for companies nationwide in February, with the sum from February through June expected to top 500 billion yuan, You Jun, vice minister of human resources and social security, told a press conference.

The conference, which was first held in Guangzhou in 2015, is one of the major international events hosted by the city government to promote international cooperation and investment in the city, one of the mainland's major transportation hubs, Wei said.

The country is a haven for businesses from all over the world, and this openness and willingness to work with diverse nations is something that the RDIF (Russian Direct Investment Fund) and Russia are putting into practice.

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The coronavirus has ravaged the global economy as many nations went into strict lockdowns to curb the outbreak that has so far killed over 310,000 people worldwide. The pandemic has been massively disruptive on supply chains and businesses, particularly in trade-reliant nations such as Japan.

The country carried on deepening reform in all aspects in 2017, with 79 key reform tasks completed, 211 reform tasks finished by central departments and 399 reform plans put forward in various sectors, he added.

The country's AI sector is forecast to be worth more than 160 billion yuan (.83 billion) in 2020, spurring related sectors to exceed 1 trillion yuan, said Lin Nianxiu, deputy director with the National Development and Reform Commission, citing industrial data.

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The concept of subterranean farming would also enable crops to be produced in arid and water-deficient areas.

The country approved the 2-valent HPV vaccine in 2016, followed by the 4-valent in 2017, and the 9-valent in 2018, while the world's first HPV vaccine, the 4-valent, was approved in the US in 2006. The 2-valent vaccine is from GlaxoSmithKline, and the 4-and 9-valent vaccines are from Merck.

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The cost of electric vehicle ownership will be higher than gasoline cars until 2025, according to analysts.

The country increased the diversity of food supply by developing the breeding industry, with the output of aquatic products ranking first in the world since 1989, which stood at 64.6 million tonnes in 2018, 143 times higher than 1949.