July 21, 2020 / 11:39 AM / 20 days ago

China will strive to make up economic losses caused by coronavirus: President Xi

Chinese President Xi Jinping attends the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China May 28, 2020. REUTERS/Carlos Garcia Rawlins

BEIJING (Reuters) - China will strive to make up economic losses caused by the coronavirus epidemic and achieve good results for growth this year, President Xi Jinping said on Tuesday, according to state TV.

The government will make fiscal policy more proactive, and prudent monetary policy more flexible, China Central Television cited Xi as saying in a meeting with corporate representatives from Hikvision, Goertek, Panasonic China and others.

Xi said China will fully take advantage of its huge market in the face of rising protectionism, a slowing global economy and shrinking global demand, according to the report.

Reporting by Colin Qian, Stella Qiu and Kevin Yao

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