Both State-owned enterprises and private companies are vital forces to restore the China's economic development strength and in the global fight against the pandemic, a common enemy facing all mankind, according to speakers at the latest edition of Vision China.

Organized by China Daily, the event, titled "Fighting COVID-19: The Corporate Response" was broadcast online to a global audience on Friday.

"What we are facing now is not only a battle against the epidemic, but also fighting for economic growth. Centrally administrated SOEs have exerted a strong driving force in economic and social recovery. Now they have fully resumed work and production, leading the recovery of industrial chains and supply chains," said Ren Hongbin, vice-chairman of State-owned Assets Supervision and Administration Commission, the country's top State asset regulator.

Apart from protecting the life and health of people, central SOEs also stand for the vision of building a community with a shared future for mankind, he said.

They have coordinated resources to strengthen international anti-virus cooperation by providing much-needed supplies and assistance to other countries within their capacity, boosting the international community's confidence in defeating the virus, Ren added.