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China is strengthening workplace safety with more on-site checks and stricter punishments. The number of workplace safety accidents fell 24.7 percent year-on-year to 27,478 during January-July, with fatalities falling 16.8 percent to 19,783.

China has raised this year's special local government debt quota by nearly 60 percent to 2.15 trillion yuan (0.5 billion) to support major construction projects already underway and to address weak links, according to the Ministry of Finance.

China imports more than 1 billion tonnes of iron ore annually. As such a large importer, China has a responsibility to provide transparent iron ore futures prices, Li said.

China is encouraging local authorities in regions with appropriate conditions to set up no-go zones for gasoline cars and use more new energy vehicles for public transport, which analysts and industry insiders say will help boost the industry's development.

China is beefing up efforts to promote mass entrepreneurship and innovation, which is a new growth engine for its economic and social development.