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China plans to slap additional tariffs on 5,207 categories of US products with four levels of tariff rates — 25 percent, 20 percent, 10 percent and 5 percent. These tariffs will become effective if the US further hinders bilateral trade by renewing tariffs on more Chinese products, the commission said in a statement.

China plans to reduce the tax burden and social insurance contributions of enterprises by nearly 2 trillion yuan (8.4 billion) this year, higher than the 1.3 trillion yuan of tax and fee cuts on enterprises and individuals last year, according to the Government Work Report delivered on Tuesday.

China will be proactive with opening up and create a business environment that is internationally competitive, Li said.

China will adopt a prudent and neutral monetary policy and a proactive fiscal policy this year, according to the central economic work conference in December.

China ranked second after the United States in an internet development index released on Monday that gauges six dimensions from internet infrastructure to application among 38 countries.