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China will also continue to advance all-round opening-up, Liu said, noting that under the current situation, it is crucial to strengthen international cooperation to deal with the epidemic and push for the steady recovery of the global economy.

China stressed on Monday the door for dialogue and consultation regarding trade disputes with the United States has always been open, and international trade today needs rules rather than supremacy by any one nation.

China maintains that disputes over the Arctic shipping routes should be properly settled in accordance with international law, said the white paper.

China must come up with a national strategy to deal with the changes in industrial, supply and value chains and look to capitalize on the development opportunities arising from the new round of technology revolution and industrial transformation, said a new report submitted to the Standing Committee of the National People's Congress on the preparations for the 14th Five-Year Plan (2021-25).

China may implement a more expansionary fiscal policy, coordinated with a cautious monetary policy, to counter economic risks and ensure that GDP growth can remain steady at around 6 percent in 2020. That viewpoint was expressed by experts before the opening of the annual Central Economic Work Conference, which is expected to open on Tuesday.