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China will adopt a more proactive fiscal policy this year, setting its fiscal deficit at above 3.6 percent of GDP and issuing 1 trillion yuan of special treasuries for COVID-19 control this year to release more funds for companies and individuals.

China will avoid using major monetary stimulus to counter downside pressure as some other economies have, Yi Gang, governor of the People's Bank of China, said on Tuesday.

China urged the US to respect China's sovereignty, observe the legislation in an objective and fair manner, and stop meddling in Hong Kong's internal affairs in any form, Yang said.

China is willing to strengthen communications and cooperation with France and the European Union to jointly promote the multilateral trade system and push forward the WTO to play a bigger role in global governance.

China will carry out export control work in accordance with internationally accepted practices, and effectively protect all legal rights and interests of exporters, including intellectual property rights of various products, he said.