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As the tax and fee cut plan and downside pressure entail slower fiscal revenue growth this year, the country does face challenges of maintaining the balance between spending and revenue, Liu said.

As this year marks the 30th anniversary of the establishment of China-Singapore diplomatic relations, the two countries should maintain political mutual trust and push for the better development of bilateral ties, Wang said.

As there is a "large amount of funds" coming due when the markets reopen, the People's Bank of China, the central bank, will inject sufficient liquidity in a timely manner to maintain reasonably ample liquidity in the banking system, said a statement on Tuesday.

As she works in the tourism industry, which has been heavily affected by the pandemic, Zhang's workload has dropped.

As the pandemic continues to spread across the world, global  recovery will be a difficult and tortuous process. Rising protectionism and unilateralism have put the global governance system and multilateral institutions in jeopardy. Economic and social development at the regional and international levels face serious challenges.