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At Sunday's annual work conference of the commission, He said the country will map out a strategy for achieving high-quality infrastructure growth. Lending will be increased to support infrastructure construction, rural development, water conservation, ecological and environmental protection, energy and transportation in order to ease economic downside pressure. But "investment needs to be efficient, and projects must be able to bolster areas of weakness in the economy".

At a time when bank lending has been increasing, direct financing through bond and stock markets has shrunk after 2008. The central bank said that the securities asset-to-GDP ratio dropped to 135.5 percent by the end of 2018, down from 166.9 percent at the end of 2007.The change showed that the real economy was relying much more on borrowings from banks. The market value of stocks to GDP ratio dropped to 44.6 percent at the end of 2018, from 120.1 percent in 2007, the article said.

Asked about the detention of four officials from the pro-reunification New Party in Taiwan, the spokesman condemned Taiwan authorities for indulging the separatists while suppressing and persecuting those who support peaceful reunification.

At least four cities, Zhuhai, Zhongshan, Dongguan and Shenzhen, activated red alerts for heavy rainfall, the highest warning level, on Monday.

At a news conference in Beijing on Tuesday, Zhao Lijian, a spokesman for the Ministry of Foreign Affairs strongly condemned unfounded accusations included in the report, stressing that the UK has no right to interfere in Hong Kong affairs.