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"China has taken very dramatic actions to restrict the spread of the virus, and work is underway on a vaccine. So let's say for this quarter there will very likely be a negative impact. What would happen beyond this quarter we must observe and assess," Georgieva said.

"But today, it has been more and more obvious that people's habits are changing, and this can be seen from the increasing types of internet finance and micro-loan companies, and in this way the policy comes at a very urgent time in preventing financial risks."

"China is sure to see abundant labor force in the future, and we are committed to boosting the quality of labor and building China into a country with strong human capital resources."

"But we believe the Chinese government still has room for policy adjustments to mitigate risks, and we expect more reform efforts to transition the economy toward a more sustainable growth path."

"China may also increase input in science and technology, research and development, and education," she said. "Its investment in basic research and frontier technology fields, such as semiconductors, robotics and high-end manufacturing, is expected to increase and further push development of the digital economy."