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China will make more efforts to encourage local governments to come up with targeted measures, such as offering rent discounts and lowering utility payments, to help SMEs and self-employed people, he said.

China will further stabilize foreign trade while fully evaluating the uncertainties related to the COVID-19 outbreak, as the trade volume between January and April dropped 4.9 percent on a yearly basis, officials said.

China's Ministry of Finance successfully launched billion of sovereign bonds in Hong Kong on Thursday, attracting a wide range of global investors, including many from Europe, showing strong European investor confidence and demand for Chinese sovereign bonds.

China's 22 percent growth in AuM elevated it to the fourth-largest global market, up from eighth place five years earlier. The partial opening-up and rapid growth of the Chinese market have created the conditions for a potential gold rush among foreign firms.

China will resolutely defend its interests even as it expects a positive outcome from the upcoming China-US trade talks through efforts from both sides, the Ministry of Commerce said on Thursday.