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Monetary policies should be more flexible and balanced and instruments such as reserve requirement ratio cuts, interest rate reductions and reloans should be fully leveraged to ensure reasonable and sufficient liquidity and a lower interest rate in the loan market, the meeting said, stressing the need to channel capital into the real economy, especially medium-sized, small and micro enterprises.

The Chinese government has decided to lift all rural residents living below the current poverty line out of poverty by 2020. For seven consecutive years, China had lifted more than 10 million people out of poverty annually. By the end of 2019, 5.51 million people were still living in poverty, but none of them will be left behind on the nation's way to become a moderately prosperous society in all respects.

Out of the China-France friendship, China has overcomed difficulties to send a batch of medical supplies to France, Wand said. On the containers of these medical supplies wrote in Chinese "Though far away from each other, the friendship between China and France is more solid than gold and stone," which vividly illustrated the friendship of sharing weal and woe and helping each other between the two peoples, he added.

Over the years, China is active in clean energy development and power grid interconnection with neighboring countries, and has achieved significant breakthroughs in UHV grids, smart grids, and clean energy, GEIDCO spokesperson told a press conference via live stream on Friday.