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China saw a net mileage addition of 5,239 km in expressways in 2018, while the country's toll roads reported slower debt growth last year, data from the ministry showed.

China set the tone of its monetary policy in 2017 as prudent and neutral, keeping an appropriate liquidity level but avoiding excessive liquidity injections.

China will continue to facilitate trade and investment and further ease market access to provide more convenience for foreign-invested companies operating in China, he said.

China shared the same view with the United States that steel overcapacity is a global issue, which requires a global collective response, Zhu said, adding China also emphasized that the excess steel capacity was a result of sluggish global economic recovery.

China will allocate in advance part of special bonds designated for next year and ensure that funds raised from these bonds are readily available at the start of next year in an effort to spur quality investment and expand domestic demand.