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China will promote international cooperation via the Belt and Road Initiative, and explore emerging trade markets while building on traditional ones, he said.

China's State Grid said it will restore its high-voltage direct current transmission lines traversing Qinghai, Henan and Jiangxi provinces, as well as new projects like transmission lines running from Northwest China's Shaanxi province to the city of Wuhan, the capital of Hubei, the city affected the most by the epidemic.

China's central bank, the People's Bank of China, took action late on Wednesday to lower the credit evaluation standards for financial institutions. The measure will allow more of them to deposit less funds in the central bank as reserve requirements, according to a statement on the PBOC's website.

China would like to join hands with Pakistan to implement the important consensus reached by the leaders of the two countries and ensure that more fruitful results will be achieved in bilateral cooperation, he said.

China will make more targeted efforts to boost the financial sector's support for the real economy and ease financing woes for small companies, a State Council executive meeting chaired by Premier Li Keqiang decided on Friday.