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China's fiscal policy remains proactive this year, but is bolder in terms of tax and fee cuts and focuses more on efficiency in the allocation and use of fiscal funds, Liu said in an article posted on the ministry's website Thursday.

China's consumer inflation will further ease in the rest of the year, providing policy opportunities for Beijing to cement the country's nascent recovery in market demand, experts said on Wednesday.

China's e-commerce behemoth JD.com denied the "mass layoff" rumor on Tuesday and claimed it had reported the case to the police.

China's monetary policy is set to be prudent and neutral in 2017, keeping appropriate liquidity levels and avoiding large injections.

China's economy expanded 6.9 percent in Q1, a strong start for the year, well above the annual target of around 6.5 percent, according to the National Bureau of Statistics.