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China plans to raise its defense budget by 8.1 percent in fiscal 2018, setting the figure at nearly 1.11 trillion yuan (5 billion).

China will also expand effective investment, Li said. An increase of 1.6 trillion yuan (3.6 billion) of local government special purpose bonds, together with the issuance of special treasury bonds for COVID-19 control this year, will support investment in new infrastructure facilities, new types of urbanization, and key projects that contribute to better lives for people.

China is willing to join efforts with Germany to continue to expand and consolidate the basis of China-Germany cooperation, so as to bring more benefits to the two peoples, he said.

China punished 11,037 officials in 7,588 cases in the first three months of 2017, the CCDI article said.

China pursues a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report.