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Wang disclosed at the press conference that the newly-merged banking and insurance regulatory commission is working on a policy framework to channel commercial banks' investment into the fund.

Wang said the Chinese tea industry was facing a new "historical opportunity" as the country has been working on the Belt and Road Initiative.

Wang Yu, 48, had worn many hats before he took over as chairman of Spring Airlines, China's first and largest budget carrier, last year.

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Wang and the researchers are also working on a website where people can track where the batteries go to after they have dropped them off at the machine.

Wang said it is hoped the new foreign minister brings with him the correct perceptions of his father and makes efforts to realize real improvements of the ties during his tenure.

Wang also said with the increasing demand for contactless service in the global market during the pandemic, cross-border e-commerce has entered a stage of rapid development.

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Wang recalled that DPRK top leader Kim Jong-un made a successful visit to China in March.

Wang Xia, chairman of the automotive industry committee of China Council for the Promotion of International Trade, said the pandemic has brought alarming damage to the auto industry across the globe.

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Wang made the comments here at the ongoing sixth summit of the Greater Mekong Subregion (GMS) Economic Cooperation.

Wang said that he had spent 10 years studying Chinese bronzes. He said that in an effort to make the exhibition groundbreaking, he curates the show not from the usual archaeological perspective but rather from the angle of "discovery, collecting and the use of bronzes".