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Well-implemented policies should further support the vast number of micro, small, and medium-sized enterprises as well as individual business owners, Li said, stressing higher quality and efficiency of mass entrepreneurship and innovation.

During his trip to the Shanghai FTZ, Li said Shanghai should continue to act as a forerunner in reform and opening-up and set an even higher benchmark. While talking with Chinese and foreign engineers of SAP Labs China, a foreign-owned enterprise operating in the Shanghai FTZ, he stressed efforts to develop services for manufacturing by leveraging the industrial internet, deepen opening-up and cooperation, promote the upgrading of "Made in China," strengthen the industrial and supply chains, and foster new growth drivers.

In fact, China's rapid economic recovery amid the pandemic has not only proved its own economic resilience, but also served as a beacon of hope for the whole world, providing fresh business opportunities for global enterprises, small- and medium-sized in particular, via such platforms as the CIIE.

In its latest five-year plan, the central government proposed support for Hong Kong to consolidate and enhance its position as an international financial, trade and shipping center, Leung said. "To achieve the goal, Hong Kong needs to do more and better, and most importantly, seizing the emerging opportunities from the country's development."

Global solidarity and international cooperation are the most powerful weapons in fighting and overcoming COVID-19, he said.