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Appreciation of nondollar currencies against a weaker greenback and a price increase of major countries' bonds held by China were major factors that contributed to the reserves' growth, said Wang Chunying, the administration's spokeswoman.

As Covid-19 continues ravaging the world, the international landscape and the global governance system face profound changes. This most serious pandemic in a century has revealed four global deficits.

Around 40 shipments of LNG have been transported from the Yamal LNG project since it came online last year, mostly westbound.

As Chinese firms push cutting-edge technology, such as cloud computing and self-driving cars, and look to raise product quality, there will be even more opportunities for material suppliers to sell to the world's biggest market, said the head of 3M China, a conglomerate manufacturer.

Apple's full-year revenue in China was in fact also slightly up, Cook said.