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Xi pointed out that the Chinese nation has experienced many ordeals in its history, but has never been overwhelmed, and that the impact of the epidemic on China's economy is temporary and generally manageable, and the fundamentals of China's long-term sound economic growth remain unchanged.

Primary-level officials should be freed from formalities for formalities' sake and be able to engage in concrete work, the circular said, noting that this will contribute to securing a decisive victory in building a moderately prosperous society in all respects as well as eradicating poverty.

China's respect for life knows no borders or races. It has been cooperating with the international community in containing the pandemic and saving lives in an open, transparent and responsible manner. It provided emergency assistance to more than 80 countries and international organizations and has sent medical teams and expert groups to many countries for treatment. China's diagnosis and treatment solution plans were also shared in a timely manner with more than 180 countries and international and regional organizations.

Apart from enjoying the deferment policy, enterprises in the hardest-hit Hubei Province shall be given special credit quota, so as to lower the comprehensive financing cost in 2020 by over 1 percentage point from last year for inclusive small and micro enterprises.

Conte thanked the Chinese side for its valuable support and assistance at Italy's difficult times, adding that this once again proves the profound friendship between the two peoples.