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China's Minister of Commerce Zhong Shan (C), Vice-Minister of Commerce and Deputy China International Trade Representative Wang Shouwen (R) and Vice-Minister of Commerce Qian Keming attend a press conference on China's domestic market and all-round opening-up for the second session of the 13th National People's Congress (NPC) in Beijing, March 9, 2019. [Photo/Xinhua]

China will maintain a proactive fiscal policy stance in 2019, with a higher deficit-to-GDP ratio to leave policy space to address potential risks.

China will introduce overseas traders to the domestic iron ore futures market at the Dalian Commodity Exchange from May 4, which is expected to help develop a widely accepted price benchmark, said a top official from the DCE.

China will give priority to stabilizing employment and ensuring living standards this year, and will ensure the elimination of poverty among all rural residents living below the current poverty line and in all poor counties, according to a government work report.

China will keep monetary policy prudent, flexible and appropriate this year. It is widely expected that the People's Bank of China will further cut the reserve requirement ratio and the benchmark interest rate.