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As seen in the yuan's rate against the dollar since April, the deviation between the yuan's closing rate and its central parity rate has been widening, with the closing rate most of the time weaker, said Chen. "The introduction of the 'countercyclical factor' will help reduce that deviation."

As recent measures gradually took effect, the percentage of key foreign-funded companies that restarted work in Shanghai and the provinces of Shandong and Hunan exceeded 80 percent, according to Ren. All 32 South Korean auto parts companies in Shandong province resumed work before Feb 15, stabilizing the global automotive supply chain, he said.

As this year marks the 30th anniversary of the establishment of Singapore-China diplomatic relations, "business communities in both countries are enjoying a long-standing and mutually-beneficial relationship that extend beyond trade and commerce," Teo said in a written interview with Xinhua on Thursday.

As the first director of the commission — the national agency of a new anti-graft and supervisory network that was endorsed by constitutional amendment a few days ago — Yang is expected to play an important role in pushing forward the country's reform.

As this year marks the 50th anniversary of the establishment of diplomatic relations between China and Italy, attendees at the CIIF believe that the special history encourages deeper cooperation between the two countries to achieve win-win goals.