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China will offer more government-guaranteed financing and credit support to small and microsized businesses and agricultural and rural entities to tide them over the current tough economic times.

China's GDP scale in the first quarter tends to be the smallest compared with the other three quarters, due to production disruptions caused by the Chinese New Year holiday. Yet, the epidemic's impact on the economy this quarter has been so widespread that the whole-year GDP growth will likely be affected considerably.

China's accession to the WTO has brought benefits to all the members, he said.

China will work toward the success of ministerial meetings in key areas and prepare for the second Belt and Road Forum for International Cooperation next year, he said.

China's bond market has a particular role to play in the country's greater financial integration into the global economy. [Photo/IC]