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China will work with Pakistan to take a scientific and orderly approach to promote the construction of the China-Pakistan Economic Corridor to achieve economic and social effects and benefit local people, Wang said.

China will expand infrastructure investment in 2019, including 800 billion yuan in railway construction and 1.8 trillion yuan in road construction and waterway projects, according to a government work report.

China will encourage foreign institutions to raise funds through renminbi-denominated bonds in the interbank bond market, as part of efforts to accelerate the opening-up of the financial market and improve the renminbi's internationalization.

China's National Development and Reform Commission and the Ministry of Commerce said on Monday it would temporarily not rule out the possibility of levying additional tariffs on imported US farm produce with deals made after Aug 3, and related Chinese companies have halted purchases of US farm produce.

China's NEV market is expected to grow at a compound annual growth rate of 36.1 percent between 2020 and 2025, said the report.