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In addition, the statement urged standardized development of non-governmental think tanks, asking them to put social responsibility first and study major projects of the Party and the state.

In the next five years, more child care facilities will be established in areas with populations over 500,000, according to the 2016-2020 plan on improving social welfare released by the National Development and Reform Commission (NDRC).

Exports and imports staged strong rebounds in January, while official manufacturing purchasing managers' index remained in expansionary territory for six consecutive months.

Despite government efforts to fight pollution, outbreaks of smog have become increasingly common in winter in northern China where cold weather conditions and the burning of coal for heating combine to exacerbate the situation.

Beijing-based investment bank CICC expects the PBOC to continue phasing out monetary easing to rein in asset prices and inflation.