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Analysts said the sales momentum is an indicator of the healthy rebound in domestic demand as well as a sign that infrastructure projects are increasing amid accelerated work and manufacturing resumption across the country. The government's effective measures to contain the spread of COVID-19 epidemic and the orderly resumption of business will continue to buoy demand in the long run, they said.

And Lucio Blanco Pitlo III, research fellow at the Asia-Pacific Pathways to Progress Foundation, a Manila-based foreign policy think tank, said China and the US have "important security and economic roles" in Southeast Asia. As such, it is unlikely for any of the ASEAN countries to take sides.

Analysts said that comprehensive, strategic and foresighted guidelines are expected to be raised at the congress. China is aiming for a "moderately prosperous society" and a modern socialist country while moving toward the world's center stage.

Anbang Insurance Group, together with its property insurance subsidiary AnBang Property & Casualty Co Ltd, will sell Hexie Health Insurance Co Ltd to five companies, the announcement said.

Anhui Province is located in the central eastern area of China. It is a significant part of the Yangtze River Delta region, connecting the south and the north, merging the east and the west. Three important river systems, namely, the Yangtze River, the Huaihe River and the Xin'an River, run through it.This land, where the past and the present meet, has bred the magnificent natural landscapes, and inherited the brilliant and time-honored history and culture. Now it is playing a splendid chapter of vigorous development.