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As the Canton Fair looks to engage exporters, exhibition fees will be waived to cope with the effect of the COVID-19 epidemic and help foreign trade companies expand their market and tide over the difficulties, said Zhang Li, deputy director-general of the department of foreign trade under the Ministry of Commerce.

As the commission has calculated, there are nine national-level economic development zones in Shanghai. The Jinqiao Comprehensive Bonded Area will be encouraged to carry out some of the financial reforms already implemented at the Shanghai FTZ, according to the new guideline.

As shipping is a lifeline of global trade and ports play a key role in regional development, the government is expected to release the guideline for building world-class ports across the country to support China's foreign trade and service businesses this year, according to a report by Beijing-based Economic Information Daily.

As the coronavirus pandemic severely hits international transport, the China-Europe freight trains play a pivotal role in land transport among countries, as shown by the rising number of trains, opening of new routes, and the volume of goods.

As the business environment in China has continued to improve in recent years, the agency has seen increased investments by Japanese enterprises in China, especially in high-end manufacturing fields such as automobiles and machine tools, Zhang said.