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China will embrace the world in a more open and inclusive manner and have more positive interactions with the rest of the world, it says.

China will stick to the timetable and plan unveiled in 2018 for the opening-up of financial sectors, said Yi.

China's 2.5 trillion yuan (1.2 billion) tax relief plan for this year will help ease financial strains and accelerate production recovery of enterprises with key measures like further cuts in the value-added tax rates and social security contributions, experts said on Monday.

China will implement its proactive fiscal policy with larger tax cuts this year, and more effective measures will be unveiled in the coming months, officials said. The aim is to strengthen economic growth and deepen supply-side structural reform, according to the policy tone-setting annual Central Economic Work Conference held in December.

China's Taiwan affairs authority on Tuesday highly praised the Solomon Islands' decision to end diplomatic ties with Taiwan, saying that adhering to the one-China principle is the will of people and an irresistible trend.