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Personnel exchanges must be resumed in an orderly manner, and the cross-border movement of goods should be facilitated, Xi said.

Pension allowances for disabled military personnel, police officers, civil servants and militia members, as well as family members of martyrs and deceased military personnel, will be increased by 10 percent starting from Aug. 1, China's Army Day, the statement said.

Xi pointed out the COVID-19 pandemic is accelerating changes unseen in a century, and mankind is standing at a new crossroad faced with multiple common challenges. It is only more imperative for China and the EU, as two major forces, markets and civilizations, to firmly grasp the general trend of mutual support and united cooperation in face of such situations, unswervingly promote the sound and stable development of the China-EU comprehensive strategic partnership, to inject more positive energy into COVID-19 response efforts, economic recovery and championing justice, Xi said.

The State Council also specified rules on the establishment of financial holding companies to better serve the real economy.

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