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China issued local government bonds worth 301.8 billion yuan in April and 521.3 billion yuan in the first four months of this year, all for debt swaps and refunding.

China is willing to work with Singapore to support international solidarity against the virus with the World Health Organization playing a leading role in the process and jointly build a community of health for all, he said.

China pledged in July to enhance agricultural cooperation, with economies involved in the BRI expected to make a greater contribution to global agricultural development and economic growth.

China will allocate in advance part of special bonds designated for next year and ensure that funds raised from these bonds are readily available at the start of next year in an effort to spur quality investment and expand domestic demand.

China rolled out a master plan in June for the development of the Hainan Free Trade Port, which introduced a long list of opening-up policies aimed at building the island into a globally influential free-trade port by the middle of this century.