Xie Fuzhan, president of the Chinese Academy of Social Sciences, said in the opening remarks that solidarity and cooperation are the only way to prevail over the pandemic.

"Opening-up and cooperation are necessary to reboot the world economy," Xie said. "The impact of the pandemic has accelerated the accumulation of risks and exposed them, plunging the world economy into most severe recession since the Great Depression in the 1930s. Today, like never before, the international community needs more synergy in making economic policies and taking stronger action to fight back the pandemic."

"In a world where all countries are closely connected by the global industrial, supply and value chains, only by opening-up and sharing the market can we cope with the challenge and create greater development opportunities."

Xie added China is a major force in promoting global anti-epidemic cooperation and fueling the recovery of the world economy, as China has largely controlled the epidemic at home, with production and businesses going back to normalcy, the national economy recovering, and foreign trade and investment stabilizing with government's effective measures and policies.

So far, China has donated $50 million to the World Health Organization and provided emergency medical supplies to more than 150 countries and international organizations.