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As the city with the fastest-aging population in China, Shanghai has a high demand for rehabilitation equipment. To address this issue, the municipal government had in 2017 planned to accelerate the development of the rehabilitation assistive devices industry and promote the development of the rental market of such devices.

As the epidemic wanes and policy support intensifies, loan issuance is expected to soar 80 percent in 2020, which is enough to support 1 million individual businesses and 10,000 small and micro-firms, up 43 percent and 52 percent from last year, respectively, the MOF said.

As the class gets ready to start, homeless people cast away their belongings - coats, backpacks, Ziploc bags filled with toiletries - and organize themselves into neat rows.

As some are short of orders while some lack capital, companies should cooperate in converging their resources to deliver the orders first, and then share the profits, Wei said.

As the first Chinese head of state to have attended the Davos meetings, Xi called at the World Economic Forum in Davos last year for joint efforts to chart the course of economic globalization and forge new models of global growth, cooperation, governance and development.