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To foster confidence, monetary policies will continue to support economic activity and ensure price stability, but monetary tools alone cannot lead to balanced growth, said the communique.

Yu Zhengsheng, chairman of the Chinese People's Political Consultative Conference National Committee, directed political advisors to a speech given by President Xi Jinping on Friday calling for unwavering efforts to develop the economy.

He said the two countries should connect development strategies, promote cooperation on production capacity and investment, strengthen cooperation in such areas as trade, agricultural products processing, infrastructure construction and protection of cultural relics.

A list of key enterprises and projects seeking investment will be created, allowing financial institutions to provide credit support based on individual cases, according to a statement jointly released by the Ministry of Industry and Information Technology, China Banking Regulatory Commission and the People's Bank of China

The uniform alert system will first apply to Beijing, Tianjin and four cities in Hebei and then expand to a larger area.