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Besides tax and fee-reduction policies, China plans to unveil more measures to deepen reform and opening-up, encourage entrepreneurship and innovation as well as foster fair competition to withstand economic hardship amid downward pressure, he said.

For major projects, procedures such as evaluations by intermediary service agencies, public participation, expert assessment, and risk evaluations must be performed, the regulation stipulates.

"China is not waving the 'China First' flag," she said.

Li said the resort was building four ski slopes with different difficulty levels, with the longest one measuring 460 meters. The biggest vertical drop of the slopes will be 66 meters.

"Our two sides need to work together to promote an open world economy and address long-running issues and new challenges confronting the human society to inject stability into an increasingly uncertain world," he said.