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The premier also voiced China's disapproval of a global "currency war," as it would be no good for the world economic recovery. China has no intention to boost exports by devaluating the yuan, as this is not conducive to China's economic transformation either, Li said .

"These priorities are consistent with the needs of the world economy and the direction of China's development, and demonstrate the spirit of innovation," Yang said.

The guideline covers people who are either incapable of supporting themselves or whose caregivers are not capable, including senior citizens, physically challenged people and minors under the age of 16 whose caregivers are not capable.

We must attach great importance to these issues, carry out a full evaluation of the difficulties and challenges that have arisen as a result of downward pressure on the economy, and become more aware of potential dangers and the bottom line. We need to maintain our strategic focus while taking timely steps to undertake early warning initiatives, formulate contingency plans, and exercise anticipatory regulation; such measures will ensure that we can respond effectively to these problems and resolve them.

Ma Xiaorong, a young editor working on the Beijing Youth Daily's WeChat news account, said sensationalism should be avoided when reporting, especially when publishing on social networks.