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The meeting also decided to increase the issuance of local government special bonds to support effective investment, stressing that priority should be given to regions with major projects and low risks.

The coordination mechanism of macro policies should track the changes in the global economy and finance, as the epidemic is spreading in the world and international market is undergoing volatility. A policy mix of expanding domestic demand and boosting opening up should be optimized to facilitate economic recovery and stabilize employment, he said.

The meeting decided to set up another 46 integrated pilot zones for cross-border e-commerce on top of the 59 existing ones. In addition to applying the practices proven effective in boosting the flow of commerce, firms in these zones will enjoy such support policies as exemption of value-added and consumption taxes on retail exports, and assessed levy of the corporate income tax.

Stressing the need to strengthen legislation on public health, the article called for the assessment of revision of laws and regulations on infectious disease prevention and control, as well as wildlife protection.

The NHC shared on Feb. 25 updated technical guidelines on COVID-19 response with a number of countries and regional organizations, according to the timeline.