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China will continue to implement a prudent and neutral monetary policy and properly deal with the relationship between stabilizing growth, deleveraging and strengthening regulatory control, according to a statement issued after a Saturday meeting of the financial stability and development committee under the State Council.

China will also speed up development of world-class technological innovation centers to foster new growth drivers, and expand investment in infrastructure related to key areas such as poverty relief, agriculture and energy to stimulate demand, he said.

China started the commercialization of 5G services on Oct 31 and 10 days later, the capital has accumulated more than 40,000 5G subscribers.

China remained the world's second-largest civil aviation market, with 660 million passenger trips in 2019, a year-on-year increase of 7.9 percent, the CAAC said.

China plans to reduce the tax burden and social insurance contributions of enterprises by nearly 2 trillion yuan (8.4 billion) this year, higher than the 1.3 trillion yuan of tax and fee cuts on enterprises and individuals last year, according to the Government Work Report delivered on Tuesday.