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China will launch the fourth national economic census this year covering about 30 million impersonal entities and industrial activity units as well as about 60 million self-employed entrepreneurs.

China will stick to a prudent monetary policy which will be eased or tightened to the right degree, while maintaining reasonably sufficient liquidity to ensure that the loan's real interest rates for small and micro firms will be lowered, according to a statement released after an executive meeting of the State Council chaired by Premier Li Keqiang.

China will strengthen tax and fee reduction efforts this year, said the National Development and Reform Commission on Friday.

China will strengthen counter-cyclical adjustments in its macro policy in 2019, with bolder and more effective measures to be taken to implement the proactive fiscal policy, according to the annual Central Economic Work Conference held last week.

China's banks are expected to increase lending and lower borrowing costs this year, especially for small and private firms vital for growth and job creation.