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China will work to better the business environment with measures that further streamline administration and reduce corporate burdens, under a decision made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

China's A-share market is expected to regain its upward momentum in the second quarter of the year with the recovery in domestic economic conditions as well as global investor sentiment, analysts with CITIC Securities said in a report.

China will ensure the creation of more than 11 million urban jobs this year and administer the employment-first policy as part of macroeconomic policy on the same level as fiscal and monetary policy for the first time, Premier Li Keqiang said on Friday in Beijing.

China's accelerating development of services trade will provide huge market and rich opportunities for cooperation for countries worldwide, and boost global economic recovery as the pandemic has dealt a heavy blow to the world economy, analysts and scholars have said.

China will significantly increase its purchase of US goods and service to meet the consumption needs of the Chinese people and propel the high-quality economic development of China, which also helps support the US economic development and employment, according to the statement.