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"China has demonstrated a strong willingness toward de-risking," said Nicholas Zhu, vice-president and senior credit officer at Moody's Investors Service. Zhu said global credit ratings agencies are keeping a close watch to see if financial leverage increases due to the stimulus measures for curbing downside pressures on the economy.

"China and Kenya share a profound tradition of friendship. Our long-lasting and fruitful cooperation stands out when it comes to Africa-China relations. Our cooperation in the fight against the COVID-19 pandemic represents a proud example of solidarity in the face of a common challenge," Zhou said.

"China and the Philippines have reached consensus on the joint development of oil and gas resources in the South China Sea and have established a cooperation mechanism for relevant consultations," Zhao said at a daily news briefing.

"China has recently achieved the greatest reduction in poverty during the shortest period in the whole of human history, and China alone was responsible for half of the world's reduction of poverty," he said.

"By providing conveniences to more people, sharing economy separates the ownership and usage of products, which is hard to define in terms of responsibilities of both parties," said Lu Wenhui, a consultant with Aon-COFCO, a Shanghai-based insurance broker.