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China will make further progress in supply-side structural reform, accelerate the building of a country of innovators, deepen reform in fundamental key areas, and take tough steps to forestall and defuse major risks, carry out targeted poverty alleviation, and prevent and control pollution, said the statement.

China will have even closer connections with the rest of the world as its status in the global economy keeps rising, President Xi Jinping said on Monday, reiterating that the country will provide a broader market for other countries.

China's automotive industry is poised to recover to the level of the previous year in 2020, the country's top economic regulator said on Wednesday.

China will coordinate economic and social development with its efforts to cope with climate change, save energy and cut carbon emissions. It will also further promote the refining and upgrading of its economic structure, he said.

China will invest steadily in transport development this year, flat with 2017, Minister of Transport Li Xiaopeng said in late December, citing the main transport target for 2018.