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As a result of a significant number of store closures – both own- and partner-operated – and a traffic reduction within the remaining store fleet, revenues in China have been about 80 percent below the prior year's level, between Chinese New Year on Jan 25 and the end of February.

As authorities reiterated their efforts to control property prices, tighter controls on home purchases are expected to continue in Tianjin, notwithstanding the northern Chinese city's efforts to attract more young talent with friendly policies.

As global partners facing new challenges in a new situation, we countries in Asia and Europe should strive to fulfill our important responsibilities for global peace and prosperity, and work together for a community with a shared future for mankind. We need to embrace openness and inclusiveness, and coordinate our actions to promote open and interconnected progress through win-win cooperation to instill strength and confidence into world development. To this end, I suggest that we take the following actions:

As a centrally administrated State-owned enterprise, COFCO also hopes to bring in more strategic investors consistent with its development strategy, rather than those that focus only on short-term benefits.

As developing countries, China will provide enduring support to improve the economic and social development in Sierra Leone to achieve win-win cooperation, Li said and added he hopes the African country can provide more preferential policies and attract more Chinese investors.