China still in crucial stage of coronavirus battle, says Xi

China's measures to deal with the coronavirus outbreak have been effective, but the battle is still at a crucial stage, President Xi Jinping was quoted as saying on Sunday. The situation is showing a positive trend after arduous efforts but remains serious and complex, state television quoted him as saying.

He said the outbreak will have a relatively big hit on the economy and society but the government will step up policy support to help achieve economic and social development targets for 2020. China will maintain a prudent monetary policy and roll out new policy steps in a timely way, he said, adding the government will also study and roll out phased tax cuts to help tide small firms over difficulties.