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China has tools and confidence to deal with risks and stabilize employment, Meng said.

China has pledged to make further efforts to boost the emerging sectors this year as they have contributed more than 30 percent to the country's economic growth, according to the nation's top economic regulator.

China is able to serve front-line healthcare workers' urgent needs for medical masks to fight the novel coronavirus pneumonia outbreak, as the country's current manufacturing of masks is at 94 percent of capacity, the country's top economic regulator said on Thursday.

China is already taking steps, and making large investments, to apply these principles to its cities.

China is doubling down on core technologies and building the country into a true global high-tech leader. President Xi Jinping has stressed the importance of technological self-reliance as central to China's firm standing on the world stage, saying "self-determination and innovation are the unavoidable path to climb to the world's top" in the technology sphere.