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China is ready to work with other countries to boost East Asia's security and development by safeguarding the rules-based international order and free trade, and promoting sustainable development and political dialogues, Premier Li Keqiang told the 13th East Asia Summit on Thursday in Singapore.

China is expected to form 20 major city clusters by the end of 2020, according to the 13th Five Year Plan (2016-20).

China is ramping up financial support for the domestic economy, including a cut in banks' required reserves, officials said on Friday. Also, targeted measures in issuing bonds and injecting liquidity will help bail out the corporate sector with the global spread of the novel coronavirus.

China hopes that Germany would exert an important and positive influence on helping the EU to focus on cooperation and avoid disturbance, he added.

China has vowed to eradicate absolute poverty by 2020. As the deadline approaches, the country is focusing on the nation's poorest people, who mainly dwell in deep mountains with adverse natural environment and backward infrastructure or have special needs.