Deputy Prime Minister Liu He said that China's economy is likely to achieve positive growth this year.

"China needs to maintain a prudent, flexible and appropriate monetary policy, based on market conditions and economic growth needs, to maintain reasonable liquidity," said Deputy Prime Minister Liu He.

The Deputy Prime Minister added that he will continue to promote full openness, creating a fairer competition environment in the banking, insurance, securities, asset management and other sectors.

China's Gross Domestic Product (GDP) in the third quarter increased 4.9% year on year.

China's GDP growth in 2018 was 6.6% and in 2019 it was 6.1%.

Covid-19 is making many countries have a pessimistic economic forecast.