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China will fight to the end if the US government didn't avert from the trade war it initiated, he said.

China will put more efforts into improving education, employment and basic research to realize high-quality growth, Premier Li Keqiang said.

China's biometric identification sector has been experiencing a surge in demand for its services in recent years, according to ibaogao.com, a market research reports website. In 2015, its revenue reached more than 10 billion yuan (.6 billion), and the figure is expected to hit 30 billion yuan by 2020, with a compound annual growth rate of 24.6 percent.

China's M2, a broad measure of the money supply that covers cash in circulation and all deposits, rose 8 percent from a year earlier to 186.74 trillion yuan (.8 trillion) at the end of February, the People's Bank of China reported a few minutes before the news conference. The growth pace slowed from January's 8.4 percent.

China will focus on quality in the joint pursuit of the Belt and Road Initiative, firmly safeguard the multilateral trading regime and actively participate in the reform of the World Trade Organization, said the report.