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China has tailored tax cuts and loan programs to help highly vulnerable small and medium-sized enterprises or SMEs to survive and keep paying their employees. Social insurance contributions of employers have been waived for five months and loan payments have been delayed for SMEs. Since the high point of the virus threat appears to have passed, the government has also phased in industrial production and coordinated supply chain resuscitation.

China is taking its computing power to the next level amid intensifying global competition in this field.

China has set 2020 the year to build a moderately prosperous society. To achieve the goal, China, the world's most populous country, needs to lift around 30 million poor residents out of poverty in the next three years, most of whom are in rural areas. Micro and small loans have become an important channel for these people to get financial support to find a way out of poverty.

China is committed to improving its capacity in Arctic expedition and research, strengthening the construction, maintenance and functions of research stations, vessels and other supporting platforms in the Arctic, and promoting the building of icebreakers for scientific purposes, it added.

China hopes there will be breakthroughs in Regional Comprehensive Economic Partnership negotiations to boost economic and trade cooperation in East Asia, providing opportunities to enhance trade liberalization, he said. China also would like to work with ASEAN to boost innovation and promote innovation-driven development, the premier said.