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China's Cabinet-level financial regulatory body said on Tuesday it is planning a new set of measures to ease the financing difficulties of small and medium-sized enterprises, through monetary policy adjustments and encouraging banks to increase lending to smaller businesses.

China will work to shorten the negative list on foreign investment and encourage financial institutions to increase foreign trade loans to cope with the impact of the novel coronavirus epidemic and keep steady progress in foreign trade and investment.

China's auto market has fallen since last year and is yet to show signs of recovery.

China will reduce as soon as possible limits on foreign investment in those industries, automobiles in particular, Xi said.

China will continue to work with the United Nations and member countries to further improve UN peacekeeping and to honor its commitment to multilateralism and world peace, the country's UN envoy said.