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Third, harness the role of the digital economy. COVID-19 has fueled the boom of new technologies, new business forms and new platforms such as 5G, artificial intelligence (AI) and smart cities, and accelerated the development of a contact-free economy like online shopping, online education and telemedicine. All this opens new pathways for economic growth. We ought to adapt to change and turn crisis into opportunity. We may deepen structural reform and cultivate new growth drivers through scientific and technological innovation and digital transformation. We could foster an enabling environment for the development of the digital economy, enhance data security cooperation, strengthen the digital infrastructure, and level the playing field for high-tech companies from all countries. Meanwhile, we need to address the challenges posed by the digital economy to employment, taxation and vulnerable groups, and seek to bridge the digital divide.

Noting that the world today is undergoing uNPRecedented changes, and COVID-19 is accelerating this process, Wang said: "We will not be able to go back to the past when the pandemic is over. We must look beyond the horizon and open up a new future."

The scale of the outbound investment schemes -- Qualified Domestic Limited Partner (QDLP) and Qualified Domestic Investment Enterprise (QDIE) -- in Shanghai, Beijing and Shenzhen will be expanded in the near future, according to the State Administration of Foreign Exchange.

During the meeting, a video was played to expose problems concerning the ecological environment along the Yangtze River Economic Belt. The video was produced on the basis of investigations in 11 provinces and municipalities along the belt.

The meeting called for sound and precise implementation of macro policies, keeping the economy running within a reasonable range, and adhering to the strategy of expanding domestic demand. It also stressed enhancing the strategically important role of science and technology and expanding high-level opening-up.