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China will strengthen supervision of intermediaries in private financing, enhance crackdown efforts against fraudulent advertisements and improve the legal system to guard against illegal financing, said Yang.

China's catering businesses had prepared to cash in on the Spring Festival high season. But the sudden novel coronavirus outbreak has kept people from dining out.

China will implement measures on lowering import tariffs, reduce intermediate links of distribution and clear unreasonable price markups to let the people enjoy the benefits from lower tariffs, the statement said.

China will tighten regulations on the use of human genetic resources and accelerate relevant lawmaking to ensure the safe development and clinical application of biotechnologies, top officials from the Ministry of Science and Technology and Ministry of Justice said on Wednesday.

China will take a string of measures to guard against financial risks and maintain stability, according to the PBOC.