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China will intensify pilot regional financial reforms to enhance the role of finance in supporting reform, opening-up and economic growth, the State Council decided at an executive meeting on Wednesday.

China will likely import more high-quality agricultural and industrial products, cutting-edge technologies, and luxury goods from countries and regions related to the initiative, he elaborated.

China will increasingly coordinate with Kiribati on regional and international issues and protect the legitimate rights of developing countries, he added.

China's Ambassador to the United States Cui Tiankai said in an interview with China Global Television Network on Tuesday that "We will certainly fight back," and "the (Chinese) Ministry of Commerce will make the announcement very soon, and you will see."

China will continue to strengthen monetary and credit support to promote economic growth while maintaining stable prices, the PBOC said in its quarterly monetary policy report issued on Wednesday, saying "preventing and curbing the novel coronavirus epidemic is the most significant task".