Chinese Premier Li Keqiang said that China will ensure the sustainability and continuity of macro policies in his government work report on behalf of the State Council to the legislature at the fourth session of the 13th National People's Congress (NPC) on Friday in Beijing. Confronted with the COVID-19 pandemic and the gradual recovery of the economy, China has set the deficit-to-GDP ratio for the year at around 3.2 percent, slightly lower than that of last year, Li said, adding "no COVID-19 bonds will be issued."