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China set up the National SME Development Fund in September 2015 to support growing SMEs in the seed and early stages. With the first batch of capital hitting 60 billion yuan, the fund called for the joint participation of private and State-owned enterprises, financial institutions, as well as local governments.

China remains an important market with valuable business opportunities for companies, despite uncertainty due to the ongoing US-China trade dispute, according to the Business Confidence Survey.

China welcomes Italy to participate in the construction of the Belt and Road, and supports cooperation between the two countries in port management, shipping as well as ship building, he said.

China is willing to work with Singapore to support international solidarity against the virus with the World Health Organization playing a leading role in the process and jointly build a community of health for all, he said.

China will also promote the healthy development of platform economy and shared economy, encourage corporate mergers and acquisitions, and avoid low-level repetitive construction, the document said.