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The country plans to issue 3.75 trillion yuan (about 529 billion U.S. dollars) of special local government bonds this year, up 1.6 trillion yuan from the previous year, with priority given to new infrastructure, new urbanization initiatives and major projects, according to a government work report submitted to the national legislature for deliberation on Friday.

Wang said the Chinese government attaches great importance to developing strategic partnerships with Central Asian countries. Cooperation between China and Central Asia is based on the common needs of both sides. "It does not target any third party, nor does it affect bilateral and multilateral cooperation in the region."

On the premise of safeguarding the health and safety of the two peoples, Mongolia is ready to take advantage of the two countries' joint prevention and control mechanism and other platforms, explore with China the establishment of the green channel and an express line, improve logistics efficiency at border ports, and gradually resume bilateral economic and trade exchanges, he said.

On June 1, China released a master plan for the Hainan Free Trade Port, aiming to build the whole of Hainan Island into a globally influential high-level free trade port by the middle of the century.

China, he added, will stay committed to further opening up to and expanding cooperation with the rest of the world, and continue to create a favorable environment for German enterprises to increase investment in China.