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To that end, China will pursue a more proactive and impactful fiscal policy, setting its fiscal deficit above 3.6 percent of gross domestic product (GDP) and issuing 1 trillion yuan in government bonds for COVID-19 control to release more funds for companies and individuals.
Doomsayers spreading talk of mass exodus of foreign investment from the Chinese market will only find that they were rumormongering again.
In addition, China and Europe should serve as two great civilizations that adhere to multilateralism and help improve global governance, the Chinese president said.
"Our two major economies should play the role as dual engines of the world economy, drive the recovery of global economy, jointly support a scientific and orderly resumption of work and production, strengthen macroeconomic policy coordination, and keep global industrial and supply chains stable and smooth," Xi said.
BEIJING, June 14 (Xinhua) -- Chinese Vice Premier Sun Chunlan Sunday urged resolute measures to stem the spread of cluster cases of COVID-19 in Beijing.
