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China will continue to provide firm support and assistance within its capacity according to Costa Rica's needs, Xi said, vowing China's resolve to uphold the legitimate rights and interests of medium and small-size developing countries.

China should promote innovation in green finance and expand sources of funding for green finance. [Photo/VCG]

China was the first major economy in the world to impose quarantine measures to halt the spread of the novel coronavirus, and was the first to resume business activities after effectively controlling the epidemic. The falling global demand will pose new labor market pressures and income losses could weaken the recovery in domestic consumption, said Zhu Haibin, chief China economist with JPMorgan.

China will also "make unremitting efforts to push forward supply-side structural reform, properly resolve major potential risks, and promote sustainable and healthy economic and social development", the statement said.

China is willing to work together with Germany in multilateral frameworks, he added.