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China's GDP growth may moderate to 6.2 percent year-on-year this year due to slowing exports and dampened investor confidence as trade tensions escalate, said a report by the Asian Development Bank on Wednesday.

China will severely punish the illegal hunting and trading of wild animals, according to this year's government work report.

China's annual grain output has remained at more than 600 billion kg every year over the past five years, resulting in adequate stock over the past several years, according to the Ministry of Agriculture.

China will expand investment pace, taking advantage of the central government's investment in infrastructure, and use the local governments' special bonds effectively. Fiscal support will ease financing difficulties of small and medium-sized firms, improve the housing market and housing guarantee system, promote a balanced development of the financial and property sectors, as well as the real economy, said Liu.

China's benchmark prices for spot interbank gold transactions were higher Friday, according to the China Foreign Exchange Trade System.[Photo/Sipa]