The inclusion of India and Pakistan in the SCO expanded room for development of the Belt and Road Initiative in the region, whose GDP volume accounts for about one fifth of the global total.
The impact of the virus will not change the long-term fundamentals of the Chinese economy, he said, adding that with the alleviation and eventual elimination of the epidemic, demand in service sectors will "rebound and gradually return to the normal state".
The initiative "already foresees a solid platform of international people-to-people cooperation as part of its vision to build a community sharing a common future, a community achieved by creating opportunities for development and shared prosperity amongst neighboring countries", he said.
The initiative, established in 1995 and originally known as the Tumen River Area Development Programme, is an intergovernmental cooperation mechanism among four countries: China, Mongolia, Republic of Korea and Russia. It is supported by the United Nations Development Programme.
The initiative aims to promote cooperation between the two nations and hopes to bring more Australian visitors to China.
The interest rates for seven-day, 28-day and 63-day operations were unchanged at 2.5 percent, 2.8 percent and 2.95 percent respectively.
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The idea of hosting such a forum came from former Cupertino mayor Barry Chang's many trips to China. In addition to four sister cities in Taiwan, Italy, India and Japan, the city also has 22 friendship cities, mostly in China.
The idea of going back occurred to He Caixia, who had been working in the UK as a nurse for more than 10 years, after she heard that the British government was urging its citizens to leave China in order to minimize their risk of exposure to the virus.
The initiatives included supporting trade liberalization, opposing protectionism and unilateralism, expanding mutual and innovative investment partnerships, further connecting investment and trade, as well as using investment to increase trade.
The international flight diversion policy will be further adjusted in line with changes in the epidemic situation at home and abroad, it added.