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China will strengthen monitoring and analysis of economic development, expand domestic and overseas markets, and continue to improve business environment, Huang said.

China's central bank has pledged to make its prudent monetary policy more targeted and flexible to adapt better to the needs of high-quality development and put more focus on the efficiency of financial services to support the real economy.

China's ability to balance its international responsibilities while overcoming domestic challenges will be a key issue for the 19th Party Congress this year, according to Richard Graham, a British member of Parliament and chairman of the All Party Parliamentary China Group.

China's State-owned enterprises' (SOE) operating revenues increased 3.9 percent year-on-year during 2019's first two months, with profits up 15.3 percent compared with the same period last year, the country's top SOE regulator said on Saturday.

China's central bank, the People's Bank of China, cut the one-year medium-term lending facility rate－a base to determine the new lending benchmark called the loan prime rate, by 0.2 percentage point to 2.95 percent. The drop was the largest within four years, and the new MLF rate hit the lowest level since its introduction in 2014.