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China is not only upholding but also promoting the multilateral trade regime. This is the third emphasis of the White Paper.

China has posted concrete achievements in financial opening-up in recent years, which are recognized by many global institutions. For instance, global index provider MSCI has included China's A shares in its global indexes last year and is scheduled to increase its weighting this year in three steps.

China has suspended tolls on all roads, bridges and tunnels amid the outbreak to spur economic activity, and Liu highlighted the need to ensure that truck drivers are the main beneficiaries of the policy.

China is confident of achieving this year's development goal and keeping economic growth at a medium-high rate while upgrading industries to a medium-high level, Li said. The Chinese economy keeps moving in a positive direction while maintaining stability, with growth that ranks among the highest in the world, he added.

China is the world's largest smart city practitioner, with a market of 6 trillion yuan (3 billion) in 2017, and the number is expected to reach 18.7 trillion yuan in 2021, according to the statistics released by the Qianzhan Industry Research Institute.