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China has a relatively low level of nonperforming loans, compared with some other countries, thus the regulators will have more room to adjust the policies, according to the PBOC official.

China has made breakthroughs in a number of fields of telecommunications and has pioneered in areas ranging from shared bikes to payment through smart phones.

China has never used and will not use the currency exchange rate as a tool to deal with external disruptions such as trade disputes, Foreign Ministry spokesman Geng Shuang said at a news conference on Tuesday, after the US reversed its decision to label China a currency manipulator.

China firmly upholds the UN Paris climate change agreement and will make great efforts to fulfill its promises, Li said.

China has continued to use maximum restraint in developing its nuclear capabilities over the past decades, he said, noting that considering the huge gaps between China's nuclear capabilities and those of the United States and Russia, it is unreasonable and unfair to ask China to participate in nuclear disarmament negotiations at this stage.