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The meeting also required the issuing of a regulation regarding timely payments to small and medium-sized enterprises. Governments at all levels must tighten their belts, practice frugality and live within their means. No government-invested project without solid funding will be approved. Irregularities such as implementing projects outside the budget plan, starting construction before getting approval, or asking construction entities to make advance payments, will be seriously dealt with.

It is a correct step for China to take biosecurity into its national security system, said Volker Tschapke, honorary president of Germany's Prussian Society, adding that it will raise awareness of biological risks among government officials at all levels and the public.

Privately-owned medium-sized, small and micro companies boomed during the period, with the number surging 166.9 percent from 2013 to 15.27 million at the end of 2018, accounting for 84.4 percent of all enterprises.

Thanks to those arduous efforts, the situation has witnessed positive changes, he said, stressing that the epidemic will by no means shake the solid foundation of China's long-term stable development.

With more positivity in proactive fiscal policy, prudent monetary policy should be more flexible, and precise financial services should be provided for the resumption of business and the growth of the real economy.