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China still has sufficient monetary policy space and tools and is the only country that still leverages conventional monetary policy, said Ma. "The PBOC has not yet used up all of its bullets at the same time."

China is willing to work with Russia to safeguard the outcomes of World War II victory, uphold international justice and support and practice multilateralism, President Xi Jinping said in a phone conversation with his Russian counterpart, Vladimir Putin, on Friday.

China looks forward to working together more with the five other countries participating in the Lancang-Mekong Cooperation Mechanism in the areas of water conservation, education, culture and youth to create more fruitful outcomes, Premier Li Keqiang said on Tuesday.

China will accelerate its SOE mixed-ownership reforms, Xiao added.

China should push forward the construction of multifunctional underground pipeline corridors in an orderly manner, and reinforce the safety supervision of the construction and operation of transport, water, drainage, heating, natural gas and other infrastructure projects.