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China's central bank, the People's Bank of China, took action late on Wednesday to lower the credit evaluation standards for financial institutions. The measure will allow more of them to deposit less funds in the central bank as reserve requirements, according to a statement on the PBOC's website.

China will cut telecommunication charges to boost the development of the digital economy, with domestic data roaming fees to be abolished starting July 1 to ensure a more than 30-percent reduction in data fees this year.

China's National Science and Technological Innovation Plan, announced last year, called innovation "a primary driving force for development", and President Xi Jinping has described innovation as "the soul of the people and the source for the country's prosperity".

China will continue to tighten the supervision and prevent imported epidemics, Yu said.

China will start the fourth survey of TCM resources this year.