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China will continuously expand its opening up so as to better cope with unilateralism and protectionism, the premier said, adding that his country will diversify its market with fair, open and transparent competition.

China's auto sales increased 13.7 percent in 2016, but the market was under pressure last year from government policy adjustments such as sales tax hikes.

China will use the opportunity next year of the 70th anniversary of the establishment of bilateral diplomatic ties to work with Russia and enhance comprehensive coordination and mutual support, thus promoting the comprehensive strategic partnership of coordination and better benefiting their peoples, he said.

China's banking regulators have tightened control over the risks associated with interbank, wealth management and off-balance-sheet businesses.

China's Panda bond market has seen significant growth as the country opens up its onshore bond market.