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China will stay on track to wipe out domestic poverty in 2020, even after economic repercussions triggered by the novel coronavirus pneumonia outbreak fueled concerns that the deadline could be missed, a senior official in charge of poverty alleviation said on Thursday.

China will push for significant improvement in business environment across the nation by improving its environment rating scheme with Chinese characteristics more rapidly, he said.

China will tackle weak areas in its business environment to further improve the country's overall competence and consolidate its stable and positive economic performance, the State Council decided on Wednesday at an executive meeting chaired by Premier Li Keqiang.

China's Ministry of Commerce, which has repeatedly urged the EU to suspend trade measures against solar exports from the nation, said last month that the European Commission must immediately withdraw wrongly imposed penalties on China's photovoltaic sector.

China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV sector.