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Resonating with Xi's call for promoting the eradication of poverty as a primary goal of the international community, Egyptian columnist and writer Kamal Gaballa said that China's success in eradicating poverty is "not only a gain for China, but also a gain for the world."

"We need substantial measures more than ever in the face of COVID-19," Xi said when he attended Session II of the G20 Riyadh Summit via video link in Beijing.

He urged the U.S. side to stop arms sale to and military contact with Taiwan to avoid dire consequences to the state-to-state and military-to-military relations between China and the United States as well as peace and stability across the Taiwan Strait.

Commercial endowment insurance, which serves as the third pillar of China's pension system, will be put under unified standards and regulations, and its development will be stepped up. The protection function of commercial endowment insurance shall be intensified. Endowment insurance featuring convenient application, flexible payment and relatively stable earnings shall be supported, and pension annuity insurance products actively developed. The insurance sector is encouraged to participate in a pilot insurance scheme for long-term care.

To maintain stable liquidity while avoiding a flooded market, China's central bank has put more focus on enabling structural policy tools, including re-lending and rediscount programs, to play a more effective role in stabilizing businesses and jobs.