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The China Iron and Steel Association on Friday called on the Chinese government to retaliate against the US move by targeting "stainless steel products, galvanized sheet, seamless pipe, coal, agriculture products and electronic products," imported from the US, the association said in a statement posted on its website.

The Central Economic Work Conference, which concluded on Dec 21, pledged support to private businesses and enterprises with law-based environment and ensured personal and property safety for private entrepreneurs.

The Chinese government is implementing more and more stringent environmental protection policies, so as to improve the current air pollution situation. Especially in smog-plagued Beijing and nearby cities, the Ministry of Environmental Protection has issued stricter emission standards and published regulations to reduce production of heavily polluting industries.

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The China Automotive Technology and Research Center is scheduled to issue more than 30 standards for intelligent connected vehicles by 2020 and more than 100 standards by 2025, forming a standardized system to support high-level autonomous driving.

The China Banking and Insurance Regulatory Commission required banks to keep tracking the demand of funds by those companies that have to delay loan payments due to the novel coronavirus outbreak, strengthen monitoring of the financial position and the state of operation of relevant companies, and report to the regulator, said Ye Yanfei, an inspector of the commission's policy research bureau.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, jumped 5.5 percent to close at 1536.37 points.

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The China-Europe freight rail services have pushed forward China's opening-up and boosted economic and trade cooperation with countries along the Belt and Road, the China Railway Corporation said in a statement.

The Chinese government has issued a national AI development plan and called for concentrated efforts to cultivate talents so that the country can take the lead in AI R&D and application.

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The China-proposed multitrillion-dollar Belt and Road Initiative has ignited the imagination of business leaders around the world and many are striving to find projects they can participate in.

The California State Senate on Thursday passed a bill to officially recognize Lunar New Year and encourage awareness of the day's cultural significance statewide. Now it's on to the Assembly.