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It stressed the importance of intensifying epidemic-related scientific research, with strengths concentrated on tackling the most pressing issues.

Since the outbreak of the COVID-19 epidemic, China has used a variety of policy tools to maintain reasonably sufficient liquidity, keep its stock market open as normal, expand the low-cost fund-raising channels for companies, and provide differentiated financial services, in a bid to fast-track work resumption and maintain overall economic stability.

Wang made the remarks when holding a phone conversation with Singaporean Foreign Minister Vivian Balakrishnan at the latter's request.

To curb the spread of the virus, Chinese people had voluntarily stayed at home and governments at all levels in China had taken resolute and effective measures in the anti-virus fight. In contrast, after the numbers of confirmed cases and fatalities surged in the United States, departments of the U.S. government were bickering over appropriations for coronavirus containment.

Xi stressed strengthening the regulation role of macro-economic policies, calling for more positivity in the country's proactive fiscal policy and the roll-out of more targeted interim policies in cutting taxes and fees to help micro, small and medium-sized firms tide over difficulties.