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To stabilize economic fundamentals and help enterprises amid the COVID-19 epidemic, China has rolled out a raft of measures to reduce financing costs for these firms and step up interest rate reforms.

It urged the U.S. to immediately stop bullying and safeguard international rules and order. "If the U.S. is bent on having its own way, China will take necessary measures to resolutely protect the legitimate rights and interests of Chinese companies," the ministry added.

To promote the development of the economic belt, authorities should apply the new development philosophy throughout the whole process and in all areas, set a good example in promoting high-quality development, and make greater contribution to speeding up the establishment of the new development pattern, Han said.

"These policies are taking effect and market confidence is being restored," Liu said, pledging that the country will adhere to prudent monetary policies in a more flexible and appropriate way, and enhance financial support for the real economy.

He also stressed guiding the development of cities and industries based on water capacities and making more efforts in water conservation.