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China's A-share market has recovered a bit since the beginning of this year following corrections last year, with the benchmark Shanghai Composite Index up 2.5 percent as of the closing on Tuesday from the first trading day of 2019.

China will exempt import tariffs on 28 drugs including all cancer drugs from May 1, the MOF announced on Monday.

China will intensify its efforts to win the three tough battles－preventing major financial risks, targeted poverty alleviation and reducing pollution－to meet the public's new expectations with higher quality development, Premier Li Keqiang said.

China's central bank has determined it will cut the one-year interest rate of the medium-term lending facility (MLF) to 2.95 percent, down from 3.15 percent, a statement said on Wednesday.

China will work to further reduce financing cost of MSEs, with an aim to increase outstanding loans offered by five large State-owned commercial banks — the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications — to MSEs by more than 30 percent this year compared with 2018, according to a State Council executive meeting chaired by Premier Li Keqiang last week.