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China will resolutely curb the resurgence of various types of financial risks and properly handle new challenges arising from a complicated economic and financial situation amid the novel coronavirus outbreak, a regulatory official said on Thursday.

China's GDP continued to grow at an unexpectedly fast rate of 6.8 percent from January to March, while the economy continued restructuring toward services, consumption, entrepreneurial companies and higher-quality manufacturing. Retail sales grew by 9.8 percent and the service sector grew by 7.5 percent from the same period of last year — both higher than the growth rate of overall GDP.

China will prepare for the Shanghai Cooperation Organisation Summit to be held in Qingdao, Shandong province, in June and the first China International Import Expo in November in Shanghai, Wang said.

China's basic position of being committed to improving bilateral ties with Japan, its close neighbor, has never changed.

China will reduce the risks of internet finance and peer-to-peer lending. [Photo/VCG]