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China ramped up multiple financial measures, including credit easing and liquidity injection, to stabilize the economy, prevent shocks caused by the novel coronavirus outbreak and support companies hit by the pandemic, the central bank and other financial regulators said on Saturday.

China posted GDP growth of 6.9 percent in the second quarter, flat with the previous quarter and above the government's annual growth target of around 6.5 percent.

China so far has established 75 overseas economic and trade cooperation zones in 35 countries and regions. These also helped create up to 950,000 jobs by the end of last year. These zones have paid more than 0 billion in taxes to governments in host countries over the past four years, according to data released by the Ministry of Commerce.

China plans this month to launch its long-awaited crude oil futures contract that will allow the country to further open up its markets, develop China’s own benchmark for oil pricing and potentially expand the use of its currency.

China will be the only major economy to achieve growth this year, according to the IMF's latest World Economic Outlook reports. The Organization for Economic Cooperation and Development also noted China is the only G20 country expected to see positive economic output this year.