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BEIJING, Aug. 4 (Xinhua) -- China has sent a team of medical experts to Azerbaijan to help the Central Asian country fight the COVID-19 epidemic, Foreign Ministry spokesperson Wang Wenbin announced here Tuesday.

Liquidity will be kept reasonably sufficient, without resorting to massive stimulus. Instead, the direct, structural monetary policy tools will be better leveraged to make sure the money goes to where it is needed the most and is primarily channeled to the real economy, especially to smaller firms.

"We are very pleased that UBS Group has participated in CIFTIS, featuring our three major businesses, namely wealth management, investment banking and asset management," said David Chin, investment bank, Asia Pacific and China country head at UBS.

"When the government realizes that it does not have the power to resolve issues related to the lacuna arising from the postponement of the election, it is necessary for the highest state organ of power to handle the matter in accordance with the Constitution of the People's Republic of China (PRC) and the Basic Law," she said.