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Any person who is dissatisfied with court decisions may lodge appeals through the excising mechanism and should not criticize judges abusively or impute them of political bias, otherwise, the rule of law in Hong Kong would be undermined, the statement read.

Another notable area of cooperation between the two countries is the establishment of joint funds. EXIM, through its financing and insurance facilities along with its equity funds plays a significant part in supporting the expansion of Hungarian companies to Chinese market.

Another big move last year was the revision of the individual income tax law and the debut of special individual income tax deductions. All these measures took effect on Jan 1. In the reform of the individual income tax - one of three major contributors to China's treasury, along with value-added taxes and enterprise income taxes - the tax brackets and threshold were raised, effectively giving everyone a tax break, and lifting millions out of paying any income tax altogether.

Another document mentioned that opening the department at an early juncture was "in line with the prime minister's wishes".

Another positive factor was pharma giant Eli Lilly's announcement that it applied for an emergency use authorization for a lab-produced antibody treatment against Covid-19, after early trial results showed it reduced viral load, symptoms and hospitalization rates.