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China will further its supply-side structural reform this year, with more efforts to improve economic quality, promote innovation, cut overcapacity and foster new growth drivers, said a statement released after the annual Central Economic Work Conference in December 2017.

China's GDP grew 6.9 percent in 2017 to 82.7 trillion yuan ( trillion), exceeding the official growth target of 6.5 percent. It was the first time in seven years that the annual figure rose, on the back of supply-side reforms.

China will work to ensure that the registration of businesses will be entirely processed online before the end of the year in a further move to transform government functions and reinvigorate market entities, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China's central government changed its long-standing one-child policy in 2016 when it gave all married couples the right to have two children.

China will maintain a flexible renminbi exchange rate and push forward reform of the foreign exchange regime, Pan Gongsheng, vice-governor of the central bank, said at the China Development Forum 2019 on Monday.