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China's central bank has lifted its re-lending quota by 50 billion yuan (.25 billion) to boost financial support for small and private businesses and support economic growth.

China will greatly increase the share of revenues from land transfers diverted to agricultural and rural areas, a measure expected to help finance rural rejuvenation.

China will heavily promote cloud services for one million enterprises, and build a batch of cloud service platforms and cloud experience centers with influence by 2020, according to a guideline published by the Ministry of Industry and Information Technology.

China's State-owned energy giants are ramping up raw material supplies that are key to produce protective products against the novel coronavirus, to help ease the shortage of medical supplies.

China will set up a committee under the State Council to oversee financial stability and development and the central bank will play a stronger role in macro prudential management and guarding against systemic risks, according to Xi.