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China has no intention to gain trade advantages by devaluing its currency, as the yuan's depreciation cannot necessarily lift exports, said Song Xiangyan, an analyst with the PBOC.

China has been stepping up efforts to improve financing efficiency for the real economy, with targeted measures to expand financing channels and reduce financing costs for small and micro firms.

China has also made detailed plan for taking forward science and technology in its proposals for the latest 14th Five-Year plan, released earlier, Zhou said, after the country has drawn benefits from technology in successfully containing the pandemic.

China has decided to cut tariffs on a range of imported raw materials used in medicines, which industry analysts said signaled the government's heightened efforts to reduce high drug prices and improve people's healthcare, in addition to further opening up the economy.

China has become the largest investment market for Temasek Holdings in terms of net portfolio value and the Singaporean investment company will continue to invest in sectors like technology, life sciences and the consumer market in the country, a top company official said on Thursday.