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China will achieve annual goals in its fiscal budget this year despite a possible slowdown in the government's revenue growth in the next three months, an official from the Ministry of Finance said on Monday.

China might lose the chance to understand the future growth potential of blockchain-related technology without a safety net created by the government, because regulators might worry about risks, Yang said.

China plans to pump another 53 billion yuan (.5 billion) into a relief package targeting vulnerable groups as the novel coronavirus outbreak has led to a rise in commodity prices and unemployment, said the Ministry of Finance.

China was the first major economy in the world to impose quarantine measures to halt the spread of the novel coronavirus, and was the first to resume business activities after effectively controlling the epidemic. The falling global demand will pose new labor market pressures and income losses could weaken the recovery in domestic consumption, said Zhu Haibin, chief China economist with JPMorgan.

China struck back on Tuesday after the United Stated decided to impose anti-dumping duties on the country's aluminum foil products last week and called the US to stop adopting the surrogate country approach to bilateral trade relations, the Ministry of Commerce said in an online statement.