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China has tailored tax cuts and loan programs to help highly vulnerable small and medium-sized enterprises or SMEs to survive and keep paying their employees. Social insurance contributions of employers have been waived for five months and loan payments have been delayed for SMEs. Since the high point of the virus threat appears to have passed, the government has also phased in industrial production and coordinated supply chain resuscitation.

China is ready to strengthen anti-epidemic exchanges and cooperation with Mongolia and other countries, and jointly build a community of health for all, he said.

China is gradually getting back to work amid the novel coronavirus pneumonia outbreak, as the job market slowly warmed up during the past month, a new report said.

China has the confidence and the ability to meet challenges this year to keep its economy in the proper range and to make continued social progress, Premier Li Keqiang said on Friday in Beijing when meeting with foreign experts working in China.

China is the largest market for Starbucks after the United States. In May, Starbucks held its first China investors meeting in Shanghai with a goal to focus on "enhancing its immersive, coffee-forward approach to elevating the third place, building deeper customer relationships in digital and extending the Starbucks Experience to the on-the-go and at-home consumers."