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"We need substantial measures more than ever in the face of COVID-19," Xi said when he attended Session II of the G20 Riyadh Summit via video link in Beijing.

From sending expert teams and donating essential medical supplies, to jointly building test labs and sharing its experience in containing the virus, China has never hesitated to offer a helping hand to anyone in need.

Third, harness the role of the digital economy. COVID-19 has fueled the boom of new technologies, new business forms and new platforms such as 5G, artificial intelligence (AI) and smart cities, and accelerated the development of a contact-free economy like online shopping, online education and telemedicine. All this opens new pathways for economic growth. We ought to adapt to change and turn crisis into opportunity. We may deepen structural reform and cultivate new growth drivers through scientific and technological innovation and digital transformation. We could foster an enabling environment for the development of the digital economy, enhance data security cooperation, strengthen the digital infrastructure, and level the playing field for high-tech companies from all countries. Meanwhile, we need to address the challenges posed by the digital economy to employment, taxation and vulnerable groups, and seek to bridge the digital divide.

The fair also has an exhibition section to showcase China's achievements in poverty alleviation via developing industries.

He called for efforts to implement the spirit of the fifth plenary session of the 19th Central Committee of the Communist Party of China, apply new development philosophies, promote high-quality development and forge new development paradigm to ensure stable economic development and improve people's livelihoods.