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The bank, with an initial subscribed capital of 50 billion U.S. dollars to finance, will "start appraisal of the potential projects in April," Wang said, adding that China hopes the bank will support the development and connectivity of BRICS countries and developing countries at large.

Their suggestions, criticisms and supervision helped improve authorities' work to address those problems and the introduction of relevant policies, he added.

In addition, the Standing Committee formulated the Law on the Exploration and Development of Deep Seafloor Resources; revised the Advertising Law, the Seed Law, the Law on Promoting the Application of Scientific and Technological Advances, the Education Law, and the Higher Education Law; and deliberated draft legislation including a law on the management of international NGOs in China, a cyber-security law, a revision of the Securities Law, an asset evaluation law, amendments to the Law on the Promotion of Privately-Run Schools, a revision of the Wildlife Protection Law, a film industry promotion law, and a law on traditional Chinese medicine.

This year's Spring Festival, or Chinese Lunar New Year, falls on Feb. 8.

BEIJING, Feb. 24 (Xinhua) -- China hopes the U.S. government takes a positive stance on China in a responsible manner, a Foreign Ministry spokeswoman said on Wednesday.