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As downstream steel user purchases remain weak, the country's overall steel inventory is still high although transactions among trade enterprises have revived, Ge said, adding that steel inventories in 29 key cities were 21.52 million metric tons at the end of March, up 0.9 percent month-on-month and 52.7 percent year-on-year.

As cross-border e-commerce embraced robust growth, China's foreign trade also beat market expectations in recent months despite the adverse impact from shrinking global demand and restrictive overseas measures to contain the pandemic.

As for the doubts over how to define poverty, Yan Jirong, deputy director of Peking University's School of Government, said such suspicion showed there's a knowledge gap among the public over some basic concepts in poverty alleviation.

As for EPS' expansion in the Asia-Pacific region, he stressed the importance and potential of the Chinese market. "It is a vast country with huge opportunities, and we have entered this market with a long-term view as we focus on quality above all," said Feldman.

As calculated, in 2019, the government's tax income accounted for 15.9 percent of the total GDP, dropped by 2.2 percentage points compared with the amount in 2015. Also in the last year, the tax and fee reduction was more than 2 percent of the GDP, which drove up the GDP growth rate by 0.8 percentage points, according to the ministry.