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China's central bank is carrying out new measures to ban initial coin offerings and virtual currencies on Tuesday, aiming to maintain the country's financial market stability.

China's "internet market can develop so rapidly based on such a big quantity. It is partly benefited by China's overall economic situation, since China has a large amount of young consumers and internet talents, a well-rounded capital foundation, as well as a solid base on infrastructure," Li said.

China's automobile industry has founded a strategic alliance, hoping to spur research and developing in intelligent and connected vehicles, while national guidelines are on the way.

China's benchmark Shanghai Composite Index plunged 8.7 percent as trading resumed on Monday, as the market started pricing in investors' growing concern over the coronavirus outbreak that further spread over the Lunar New Year holiday.

China will expand cooperation with countries along the Mekong River in water resources, production capacity, agriculture and medical care as Premier Li Keqiang is scheduled to attend the second Lancang-Mekong Cooperation Leaders' Meeting during a two-day trip to Cambodia.