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As socialism with Chinese characteristics has entered a new era, multi-party cooperation should take on a new look, Xi said, urging non-Communist parties and personages to improve their ideological consensus with the CPC and make new achievements in performing their duties.

As the world economy faces a multitude of challenges with the West leaning toward unilateralism and trade protectionism, East Asian countries however have steadily advanced regional cooperation and maintained strong momentum of regional growth, Ruan Zongze, executive vice president of China Institute of International Studies, said.

As the novel coronavirus epidemic continues to spread across the region, with Hong Kong's tourism, retail and catering sectors taking the brunt of the impact, a host of enterprises have applied for tax deferrals involving HK billion in delayed profit tax returns for the SAR government in the next financial year, according to Alfred Chan, tax director at Deloitte China.

As the second biggest crude production base, the Bohai oilfield has so far produced 4.94 million tons of oil and gas equivalent, a year-on-year increase of 9.97 percent. Bozhong 19-6, with proven oil and gas geological reserves of approximately 300 million tons, is also undergoing improvements to ensure the gas field is put into operation this year.

As the population and purchasing power of China's middle class grows, Chinese tourists now have more choices for outbound trips during their holidays.