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As a low-interest-rate environment compelled investors to make riskier investments, the share of debt owed by firms with weak debt repayment capacity has risen to a "sizable" level in several major economies, and could reach post-global financial crisis levels in the event of a material economic downturn, the IMF said.

As a pioneer in pursuing international capacity cooperation, Hebei-based HBIS Group Co Ltd, one of China's largest iron and steel manufacturers, has invested in more than 70 enterprises across the world, with combined overseas assets amounting to billion, according to the company.

As early as 2014, a company owned by the Henan provincial government purchased 35 percent of shares in Luxembourg's Cargolux Airlines International.

As cybersecurity has been safeguarded to protect national security in recent years, China has also intensified efforts to prevent personal data from being excessively collected, abused or illegally used, said He Yanzhe, a security specialist from the China Electronics Standardization Institute of the Ministry of Industry and Information Technology.

As a key financial center, Shanghai further opened up its financial sector with a series of new regulations. The total turnover of financial markets in 2019 in Shanghai rose 17.5 percent to 1,933 trillion yuan (about 0 trillion), and the e-commerce gross merchandise volume increased by 14.5 percent.