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China will help the AIIB to operate in accordance with high international standards and gradually invest in the bank. "We think investment in the AIIB is very worthwhile," he added.

China's CPI rose 1.5 percent year-on-year in January, down from December's 1.8 percent, and well within the government target of around 3 percent.

China will launch policies to expand the business scope of foreign institutions, such as abandoning the requirement on foreign banks to conduct business in the country for at least one year before applying to the regulator to conduct renminbi business. It will also lower the threshold for foreign bank branches to accept a fixed-term RMB retail deposit to 500,000 yuan (,912), the regulator said.

China's National Health Commission has released a work plan with 12 other government departments to boost the health of the elderly.

China's YTO Airlines opened a direct air cargo route linking Changsha, capital of Central China's Hunan province, and Manila, capital of the Philippines, on Sept 21, shortly after it opened its Zhengzhou-Tokyo international air route.