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By lowering the reserve requirement ratio (RRR), increasing re-lending and re-discount quota and deepening the loan interest reform, the amount of new RMB loans made between January and May has seen significant increase over the same period last year. Overall financing costs faced by companies trended downward.

China urges the U.S. side to correct its mistakes, refrain from implementing the so-called "Hong Kong Autonomy Act" and executive order, and stop interfering in China's internal affairs in any way, Zheng said.

For his part, Kamilov said the Chinese people, who have demonstrated uNPRecedented unity and great perseverance in fighting the COVID-19 pandemic, can withstand any difficult test, adding that China's experience and achievements against COVID-19 have set an example for all countries around the globe.

When the epidemic broke out in China, the EU and several European countries expressed support for China and sent over urgently needed supplies. When the COVID-19 outbreak began in Europe in March, China promptly sent protective supplies and medical teams to Europe.

A second commander-level meeting should happen as soon as possible to deal with the situation on the ground, according to the spokesperson.