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While sentiment on investment liberalization in many parts of the world has faded, China does not erect walls of protectionism, but resorts to further reform and opening up, strengthening confidence and policy consistency in a year of tumult and volatility.

It is impossible for any country to achieve further development with its door closed and China will keep to its opening-up policy and will not waver in this commitment, he said.

"In the past weeks and months, financial departments and institutions have taken effective moves to tackle the economic impact of the coronavirus. Real interest rates have come down, and aggregate financing is expanding," Li said. "Interest concessions by financial institutions are a key measure in supporting the real economy, especially smaller firms, and keeping economic fundamentals stable."

The meeting stressed resolutely expanding domestic consumption, safeguarding economic development and social stability, ensuring the full completion of poverty alleviation targets as well as building a moderately prosperous society in all respects.

Wang stressed innovation in the supervision and regulation, calling for efforts to promote the sound development of the food delivery market and ensure people's health and safety.