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He also urged efforts to ensure the use of land and sea of key projects, streamline project approval procedures and strengthen project management.

During the meeting, the foreign ministers had an in-depth exchange of views on safeguarding multilateralism, fighting against COVID-19, and advancing BRICS cooperation. They agreed to intensify information and experience sharing, push ahead collaboration in research of drugs and vaccines, contribute to global public health security, and minimize negative effects of the pandemic.

The meeting decided on additional financial measures in line with market principles and the law to support micro-, small- and medium-sized companies in restarting operation.

Local governments' actions to roll out voucher programs, ensure employment and cut tax and fees could help households and businesses tide over difficulties, prop up domestic demand and keep the economic fundamentals steady, according to Zhang Bin, a senior researcher at China Finance 40 Forum.

Hand in hand, China and Italy will prevail over the epidemic eventually, Wang added.