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China set the tone of its monetary policy in 2017 as prudent and neutral, keeping appropriate liquidity levels but avoiding excessive liquidity injections.

China urged India to respect China's territorial sovereignty, abide by relevant bilateral agreements, take practical actions to safeguard peace and tranquillity in border areas and create conditions to properly resolve boundary issues, he said.

China plans to improve the salaries and social status of skilled workers as increasing demand has resulted in a human resources shortage.

China will be stepping up financial support for the manufacturing industry, small businesses and international trade companies to promote economic recovery and high-quality development, senior bank executives said.

China unveiled a plan to remove or reduce import tariffs on goods including soybeans and precision instruments from several Asian countries, a move experts said will further facilitate trade activities and better defend the multilateral trading system.