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China's CPI may register a mild rise of 2.1 percent this year, up from 1.6 percent in 2017, said a research note from securities firm Nomura. "We expect CPI inflation to moderate over the next couple of months as vegetable prices normalize. We do not expect contained inflation to affect Beijing's policy agenda to stimulate domestic demand and investment."

China's Purchasing Managers' Index, an indicator of industrial vitality, increased sharply by 16.3 percentage points from its historical low in February, hitting 52 percent in March, the National Bureau of Statistics said on Tuesday, indicating the world's second-largest economy is starting to recover from the impacts of the novel coronavirus pandemic.

China will pay close attention to the impact caused by US tariffs and help both domestic and foreign companies overcome difficulties. China has the confidence, ability and solutions to maintain steady economic growth, said Gao Feng, a spokesman for the ministry.  

China will ensure the effectiveness of the monetary policy to keep reasonable liquidity in the economy and will fully unleash the potential of investment to boost growth, according to a meeting of the country's financial authority.

China will resolutely continue to protect the WTO-rule based multilateral trading system.