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He urged efforts to keep the fundamentals of the economy stable and unfailingly meet the basic living needs of the people.

BEIJING, May 6 (Xinhua) -- China has decided to join the international collaboration initiative launched by the World Health Organization (WHO) to combat COVID-19, a Foreign Ministry spokesperson said on Wednesday.

"In the past weeks and months, financial departments and institutions have taken effective moves to tackle the economic impact of the coronavirus. Real interest rates have come down, and aggregate financing is expanding," Li said. "Interest concessions by financial institutions are a key measure in supporting the real economy, especially smaller firms, and keeping economic fundamentals stable."

Economists Ma Jun and Jiang Chao, as well as representatives from the China Association of Small and Medium Enterprises, household appliance manufacturer Haier Group and e-commerce firm Pinduoduo, made remarks during the meeting.

He also noted that Saudi Arabia and China have maintained close communication and coordination in international affairs and shared a common position on safeguarding sovereignty and opposing interference in internal affairs.