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Noting that the economy has encountered unusual headwinds this year, attendees at the meeting said that policies such as tax and fee cuts and inclusive financing introduced by the government have played an active role in keeping business operations and employment stable.

The total amount spent from the fund in 2019 rose 12.2 percent to about 2.09 trillion yuan, it added.

The two sides should also tap complementary advantages, focus on win-win cooperation, and cultivate more new growth points for cooperation in such industrial areas as smart city, artificial intelligence and big data, so as to build stronger drivers for their economic and social development and inject fresh energy for realizing lasting stability and prosperity in the region, he added.

Secretary for Constitutional and Mainland Affairs of the HKSAR government Erick Tsang Kwok-wai said the national anthem law will take effect on June 12, urging residents to respect the national anthem and not to commit insulting acts.

To that end, China will pursue a more proactive and impactful fiscal policy, setting its fiscal deficit above 3.6 percent of gross domestic product (GDP) and issuing 1 trillion yuan in government bonds for COVID-19 control to release more funds for companies and individuals.