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"China is the world's largest importer of commodities and hence we will see more commodity deals being undertaken in yuan, especially iron ore," said Chen Derong, chairman of China Baowu Group.

"By controlling the outbreak, China has effectively stabilized the global food supply chain, and contributed to the economic recovery of agricultural product exporting countries," Ren said. "The food imports have also satisfied the growing demand for domestic consumption upgrade."

"China is ramping up efforts to minimize the impact of the outbreak and create a comprehensively well-off society," Li said at a news conference on Tuesday.

"China does not want to see escalating Sino-US economic and trade friction, but is prepared for all possible scenarios," Gao said.

"China always believes that 5G technology is a frontier technology that leads the fourth Industrial Revolution and offers a valuable platform, and the development and utilization of 5G in a globalization era happens naturally as all countries undertake extensive consultation and joint contribution for shared outcomes," he added.