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At the same time, imports of foreign products such as advanced machinery would promote Chinese consumption, facilitating Chinese products and investment entering the global market, he said.

As projected by the International Monetary Fund earlier this month, the global economy is expected to contract by 4.4 percent in 2020.

Xi has chaired multiple meetings, delivered speeches and issued a series of instructions on the matter.

Members of the Standing Committee of the CPPCC National Committee unanimously agreed that the CPC Central Committee's proposals for the country's development plan are inspiring, which set realistic targets and put forward practical and accurate measures.

After listening to business owners in Nanjing Road who said the market has been recovering from the COVID-19 disruption, the premier said it would take time to see normal growth in consumption again, and called for continued efforts in balancing regular epidemic control with consumption recovery.