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China's international payments under the current account have been basically balanced in recent years, with the current account surplus accounting for 1.3 percent of China's GDP in 2017, according to Wang.
China's consumer inflation target was set at no higher than 3 percent for last year. The consumer price index rose 2.1 percent year-on-year in 2018, up from 1.6 percent in 2017, the NBS said.
China's efforts to further reduce taxes, for businesses and individuals, will continually improve the country's tax environment if the significant progress made since 2017 is any indication, according to a World Bank Group report published on Tuesday.
China's efforts to ease financial burdens for businesses are paying off, as figures released on Monday show GDP growth hit 6.9 percent for the first quarter, with investment picking up and retail rebounding.
China's foreign exchange reserves rose by billion in December to .07 trillion, after a rise of .6 billion in November, according to the State Administration of Foreign Exchange.
