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"Government departments are encouraged to take multi-pronged approach, and we must waste no time in helping small firms tackle their liquidity difficulties," Li said, "No loans extended should be willfully withdrawn."

BEIJING, Nov. 12 (Xinhua) -- China's central bank said on Monday that it has renewed an agreement on a reciprocal currency swap scheme with the Bank of England.

Against the backdrop of rising unilateralism and protectionism, Spain is an active supporter of globalization and multilateralism, and shares broad consensus with China on safeguarding an open world economy, said Lyu, adding that Xi's upcoming visit is sending a clear signal that China, Spain, and the European Union (EU) will firmly safeguard multilateralism and a rules-based free trade system.

"The Xi-Trump meeting has gone off well. This is most commendable," Sourabh Gupta, a senior fellow at the Institute for China-America Studies in Washington, D.C., told Xinhua.

Financial institutions will be encouraged to take substantive measures in the time to come to further tilt policies in favor of micro and small firms as well as other private companies, Li said.