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Apart from medical devices and protective materials, it's worth noted that traditional Chinese medicine used in fighting the novel coronavirus, such as Banlangen and honeysuckle granules, are drawing the global market's attention.

Another important point worth reinforcing is that an escalating Sino-US trade conflict will also affect Asia as a whole, said a research note from Nomura Securities.

Apart from economic development, what progress in other fields have you witnessed in China in the past 40 years?

Another pharmaceutical company Foci, based in Lanzhou, Gansu's capital city, has collaborated with 28 countries and regions across the world, exporting hundreds of types of herbal medicines.

Another task is to step up reforms for managing State-owned funds and enterprises, to push for the establishment of a company, which is in charge of investing and operating the State-owned capital, as delegated by the State Council. The introduction of regular rules for capital owned by State-owned financial institutions will help accelerate, streamline and centralize the fund management, said Liu.