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Efforts should also be made to nurture a new development pattern that takes the domestic market as the mainstay while letting domestic and foreign markets boost each other, connect China's two centenary goals and secure a good start in fully building a modern socialist country, according to the meeting.

Endeavors to ensure a better life for the people have yielded fruitful results over the past five years, with more than 50 million impoverished people in rural areas shaking off poverty from 2016 to 2019. China's per capita disposable income rose 6.5 percent year-on-year on average in real terms.

As traditional modes of trade were disrupted when people were stranded at home amid the pandemic, cross-border e-commerce has emerged as an indispensable part of the global trade, said Wang.

Greater efforts will be made in enhancing the performance of listed companies. Well-run firms will be supported in going public. Institutions for asset restructuring, acquisition and equity carve-out will be developed and those for refinancing and bond issuance of listed companies improved. More eligible foreign investors will be allowed to make strategic investments in listed companies. The mechanism of diverse exit options for listed firms will be strengthened by refining standards, simplifying procedures and unclogging channels, while any circumvention of delisting will be strictly dealt with.

In times of adversity -- two financial crises, major natural disasters, and the onslaught of COVID-19 -- East Asian countries have always stood together and looked out for each other.