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"Compared with financial risks, the negative economic impact of the pandemic is a greater risk currently faced by financial institutions. In this sense, by giving support to the real economy, financial institutions are supporting their own development and preventing and controlling financial risks fundamentally," said Liu Jin, executive director and president of China Everbright Bank Co Ltd, a national joint-stock commercial lender.

"China urgently needs a growth boost" relying on an accelerated growth of infrastructure investment, said Yu Yongding, senior fellow and academician at the Chinese Academy of Social Sciences. Yu made the remarks at a forum titled "Stronger together: Global recovery from COVID-19" jointly organized by the Chinese Academy of Social Sciences and China Daily on Wednesday.

"China's economy has benefitted considerably from the more domestically focused, investment-driven growth model after the 2008 global financial crisis, when many developed economies encountered weakened consumption growth resulting from the fallout of the crisis," said Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics in Beijing.

"Companies can just deploy their business on AWS and tap the local market. We are actually facilitating the business operations of companies while they are seeking business opportunities abroad."

"China supports the Philippine government in exploring a development path in line with its own conditions," Xi said.