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The discussions took place at an ongoing meeting of the Standing Committee of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC).

China has decided to cut taxes and fees by another 2.5 trillion yuan (about 354 billion U.S. dollars) for enterprises this year. As the move might put local governments under financial strain, the country will grant a total of 2 trillion yuan of fiscal funds to ensure the implementation of these supportive measures at the primary level.

However, as the world economy is highly globalized, the pandemic cannot sever communication, cooperation and the deep-seated economic interactions between nations for good. China's determination to promote globalization and free trade should not be underestimated.

When Wang Quancheng, head of the Singapore Hua Yuan Association, coordinated the association's donation of personal protective supplies to the medical workers in China in early February, he did not anticipate he would receive some from the Chinese side later on.

The NPC decision is a necessary step taken to close the legal loopholes regarding national security in Hong Kong. It is fully constitutional, legal, justifiable and reasonable, the spokesperson stressed.