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"We must foster a world-class business environment to attract and harness foreign investment. This is of particular importance under the current complex international environment. Work must be expedited wherever necessary. This is required by a larger purpose, " Li stressed.

"I believe our villagers will enjoy better days ahead," Xi said.

China has set no specific target for economic growth this year due to great uncertainties. Instead, it has made practical plans to ensure more than 9 million new urban jobs, give full play to over 100 million market entities, and improve people's livelihoods.

CEA President Cheng Jun noted that a survey conducted among their members showed that about 70 percent of the respondents are confident about Singapore's economic recovery after the end of COVID-19 outbreak. He also expressed belief that the China-Singapore ties will be consolidated in this battle, and the bilateral collaboration will be broadened later on.

BEIJING, July 6 (Xinhua) -- China and Arab countries on Monday agreed to jointly fight COVID-19, deepen cooperation in various fields, and embrace new prospects in building a China-Arab community with a shared future.