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"China's construction machinery producers are gradually losing their low-cost labor advantage and do not yet have the best technologies to lead the industry on a global scale. Chinese companies must act quickly to retain their domestic market lead," said Zhao of the IIE.

"Climate change is already affecting the lives of all people, but for the 1.8 billion young people between the ages of 10 and 24 years, the issue is felt with far more urgency as it will shape their lives in ways never witnessed before. For the younger generation, the need for urgent climate action has never been clearer," she added.

"Clearly the coronavirus is not gone. In fact, we have got it worse now than we had it in the spring I believe, and I think that's true in a lot of other states," McConnell said at a news conference, adding the country needs another relief package.

"Cross-border cooperation in terms of the supervision over listed companies' information disclosure will help protect investors' rights. But according to the Chinese law, the exchange of audits should be carried out via supervisory bodies, which conforms to international practices," said the regulator.

"Chinese homebuyers are being more sophisticated as price is no longer their sole consideration in making a decision."