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As China passes a milestone in its COVID-19 response at home, it will be in a better position to provide assistance to other countries.

As China pivots to a consumption-led economy, the most impressive performance has been posted by brands providing products and services for the urban middle classes, said the report, published by WPP and Kantar Millward Brown.

As China's fight against poverty enters a new phase of targeted solutions, Henan province has sharpened its review system to ensure poor people achieve and maintain real improvements.

Around 50 percent of the nation's tax revenue and 60 percent of China's GDP come from SMEs. The latter are also responsible for 70 percent of technology innovation and 80 percent of urban employment in China, according to the Ministry of Industry and Information Technology.

Ardern said New Zealand firmly conducts cooperation under the Belt and Road Initiative and will strengthen trade in dairy products and timber products. The two countries send a strong signal of safeguarding free trade and open markets by upgrading the current free trade pact, she said.