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China will also phase in an opening-up of bank card clearing and other markets; lift restrictions on the scope of operations of foreign-invested insurance companies, and ease or lift restrictions on the share of foreign-owned equity in companies in sectors including banking, securities, fund management and futures.

China spearheads the world in internet development and mobile innovations. For instance, new e-commerce platforms are emerging in the country and have become an important online sales channel, he noted.

China is willing to work with countries in Africa on digital infrastructure development and help small and medium-sized enterprises thrive amid this process, Zhu said.

China will adopt new pro-employment measures and enhance its support for key groups of job seekers to meet this year's job creation targets, the State Council's executive meeting chaired by Premier Li Keqiang decided on Friday.

China rolled out a string of regulation measures on virtual currency trading in 2017 and has warned about risks of related transactions.