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China's central bank governor Zhou Xiaochuan also warned during the meeting that the crypto-assets could result in illegal trading, money laundering and terrorist financing, as well as impact "monetary policy transmission"－the efficiency of monetary policy tools to influence the macroeconomy.

China's GDP went up 6.8 percent from a year ago in the first three months of 2018, extending the economic strength of last year, when China's GDP picked up pace for the first time in seven years.

China will take an active part in the reform of the global governance system with a commitment to equity and justice. A Chinese adage has it that "a just world should be pursued for the common good". China maintains that global affairs should be run together by countries in the world, and that all people, irrespective of their nationality, social stratum, and walk of life, should be able to benefit from global governance. The global governance reform that China takes part in is not about overturning the current system and starting all over again. Instead, it is about improving the system so that it can better reflect the changing realities, increase the representation and say of developing countries, and bring greater democracy in international relations.

China will further stabilize foreign trade while fully evaluating the uncertainties related to the COVID-19 outbreak, as the trade volume between January and April dropped 4.9 percent on a yearly basis, officials said.

China's PPI has remained in positive territory since September, when it ended a four-year streak of declines, partly due to the government's successful campaign to cut industrial overcapacity, which benefited the wider economy.