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As China has growing demand for infrastructure such as more high-speed rail, roads and regional transportation, To said it is equally important to increase the supply of "new infrastructure", such as 5G networks, cloud computing, the internet of things and AI infrastructure.

As China flattens the COVID-19 curve and steadily returns to normality, he stressed that the Chinese economy is best placed to emerge as the world's strongest from the crisis, and it still has competitive advantages based on a range of indicators, such as its labor market and infrastructure. These will be further enhanced by targeted market reforms, he said.

Ardern also announced the decision to make masks mandatory on public transport at Alert Level 2 and above, which will take effect from Monday. According to the rule, public transport includes planes, buses, taxis and rideshare services like Uber, but children are not required to wear masks.

Around 14 percent of manufacturers and 12 percent of service firms characterized the increase as substantial, the report showed, noting "the data illustrate a considerably more widespread effect of higher input costs among service firms than in last year's survey."

Around 620 kg of bird's nests, which are highly prized due to their nutritional value, have been seized in an operation conducted Wednesday by customs police and public security departments in Guangzhou and Shenzhen.