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China has also stepped up efforts to expand domestic demand, so as to help smoothen the interaction between production and demand and bring the economy back to normal, Liu said.

China continued to top global trademark applications in 2016, with about 3.7 million trademark applications, up 28.4 percent on 2015. The number of valid trademarks registered in China was nearly 12.4 million by the end of 2016.

China denounced the United States' latest threat to impose tariffs on an extra 0 billion worth of Chinese imports as "totally unacceptable" trade hegemony and bullying, and vowed on Wednesday to fight back to protect its "core interests".

China has made rural areas the key focus in developing inclusive finance, as part of its commitment to deliver the rural vitalization strategy in full.

China has handed out licenses to 15 startups since the first was given in 2016, and around 200 are waiting in line, according to Cailian Press, a news outlet in the country.