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CEA President Cheng Jun noted that a survey conducted among their members showed that about 70 percent of the respondents are confident about Singapore's economic recovery after the end of COVID-19 outbreak. He also expressed belief that the China-Singapore ties will be consolidated in this battle, and the bilateral collaboration will be broadened later on.

Hu also stressed promoting the construction of modern agricultural facilities and consolidating the foundations of securing stable production and supply of major agricultural products, while strengthening any weak area in this regard.

China will continue to work together with Singapore to bring an end to the epidemic and better safeguard people's health, Hong said.

Launched in 2014, the microcredit product refers to loans under 50,000 yuan (about 7,078 U.S. dollars), with favorable terms, to support poor families.

Zhao told a daily news briefing that the decision was made in response to U.S. Secretary of State Mike Pompeo's statement that the United States has imposed sanctions on multiple Chinese officials in Xinjiang.