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As of Tuesday, production capability of urgently needed N95 medical masks in China has been expanded to 128 percent of the normal level, and eight provinces reported capacity had been restored to or exceeded 100 percent. Those producing surgical masks had boosted their production capacity to 106 percent of normal level on Tuesday, and 10 provinces said capacity reached or exceeded 100 percent, Xia said.

As of June, the number of livestreaming e-commerce consumers in China had hit 309 million, according to the latest statistical report released by the China Internet Network Information Center.

As one of the six large State-owned enterprises to pilot reforms in ownership, management and supervision, the Beijing-based conglomerate has gathered pace in mixed-ownership reform by restructuring, divesting nonessential assets and pushing core assets to go public since 2016.

As per the meeting, 18.3 trillion yuan in taxes and fees were collected in 2019, including 14 trillion yuan in tax revenue, up 1.8 percent year-on-year. The monthly net increase of general taxpayers reached 88,800, twice as many as that before the tax-and-fee-cut reform.

As part of efforts to rejuvenate itself, Chinese athletic shoe brand Warrior, or Huili in Chinese, launched a corporate cooperative system in May.