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BEIJING, April 16 (Xinhua) -- Chinese Premier Li Keqiang said on Thursday that the Chinese people are ready to stand together with the Sudanese people in their fight against COVID-19, and offer support and assistance within its capacity.

"The small and medium banks must meet the eligibility criteria when accessing the re-lending quota. The loan risk sharing mechanism should be strengthened, including targeted cuts to the required reserve ratio for smaller banks," Li said.

Wang Huning, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee and deputy head of the leading group, attended the meeting.

To secure the supply of major farm produce, the commission encouraged commercial banks to strengthen financial support for grain production, circulation, processing, storage, import and export and consumption, and offer good financial services to the animal husbandry industry.

Noting that bilateral trade in the first quarter this year increased 3.4 percent year on year, Xi pointed out that the expansion is especially valuable against the background of the overall downward trend in the world economy.