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Policies designed to reduce tax burdens on companies and measures aimed at expanding domestic demand should be implemented fully, he said.

The international community should carry forward the spirit of the World Anti-Fascist War, stand together and help each other, and actively put into practice the notion of a community with a shared future for mankind, so as to jointly win the battle that concerns the lives and health of people in all countries, Xi added.

According to the scholars, Xi's speech upholds the vision of building a global community of health for all and demonstrates China's sense of responsibility amid the crisis.

"COVID-19 vaccine development and deployment in China, when available, will be made a global public good," said the president.

The Wednesday meeting adopted a guideline on further improving the business environment and providing better services to market players.