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China will improve services for tourists through public-private partnerships (PPP), the Ministry of Culture and Tourism and the Ministry of Finance said as they issued a guideline on April 25.

China's central bank has said it will maintain a prudent and neutral monetary policy, easing or tightening it when appropriate, and make the financial sector better serve the real economy.

China will take more steps to mitigate the woes of logistics companies, including labor shortages, as part of the overall efforts to ensure stable economic growth despite the novel coronavirus outbreak, the nation's top economic regulator said on Friday.

China's GDP growth may moderate to 6.2 percent year-on-year this year due to slowing exports and dampened investor confidence as trade tensions escalate, said a report by the Asian Development Bank on Wednesday.

China will soon slash tariffs on imported consumer goods including pharmaceuticals and introduce easier access to imported advanced technology and key machinery parts, according to government sources.