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Rather than initiating a "flood-like" stimulus to shore up the economy, the country has resorted to targeted cuts in reserve requirement ratios for small banks to channel funds into SMEs and stepped up fiscal support, reducing taxes and fees for these firms.

-- tilt favorable professional title evaluation policies toward frontline medical workers;

She stressed that the two sides' joining efforts to fight COVID-19 and tide over the hard time demonstrate their good friendship and cooperation.

At the most difficult moment in its COVID-19 fight, China received assistance and help from a lot of members of the international community, the article says, adding that China has also been supporting the global COVID-19 fight to the best of its ability.

Prudent monetary policy will be pursued with more moderate flexibility, and more attention will be paid to supporting the real economy.