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"Formed at a time when unilateralism temporarily prevailed, the pact represents a new collective voice by Asian and Pacific economies," Wang said on the sidelines of the fourth International Forum on the Belt and Road Initiative& Global Governance at Fudan University in Shanghai over the weekend.

"Fiscal income may continue to drop in the second quarter, but the decline is decelerating along with the economic recovery," said Liu Jinyun, an official at the ministry who also disclosed that governments at all levels had spent about 145.2 billion yuan as of Sunday to contain the virus and its effects.

"Greater cluster for the companies, more integrated development among the AI technologies with local industries and strengthened innovation efforts are key for China to offset the impact brought by the technology barriers made by the United States," said Liu.

"For example, if the market price of a vegetable rocked to around 14 yuan per kilogram, we only gave 8 yuan to the farmers. If it slumped to 4 yuan per kilogram, we purchased at 6 yuan," Li told The Beijing News. "We had to persuade farmers to trade at a normal price, and they soon understood they could bring in a stable income this way."

"Gold remains a safe haven amid global economic uncertainties, and it is emerging as an investment with possible higher returns as central banks are cutting interest rates," said Huo Songling, secretary to the executive board of leading China National Gold Group Co Ltd.