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China has the capacity to ensure old-age pensions are paid in full and on time, even though some provinces faced a shortfall of pension funds last year, Premier Li Keqiang said Tuesday.

China hopes to boost the efficiency of SOEs, make them operate in accordance with market principles and assume responsibility for their own profits, losses and risks, according to the guideline, which sets a goal of basically completing the reforms by 2017.

China is Austria's fifth-largest trading partner. As of August, China had approved 1,288 projects for Austrian investment, which then stood at .08 billion.

China hopes next week's conference between Beijing and Brussels will help make bilateral relations more productive and substantive by seizing opportunities and addressing challenges, according to the top Chinese diplomat to the European Union.

China has released many favorable tax policies to support small and micro businesses to ride out the epidemic and will ensure these measures can materialize, a senior official said on Saturday.