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China will keep its macro policies consistent, stable and sustainable in 2021.

China's NPC stands ready to have exchanges of visits with the parliament of Ireland at various levels, conduct cooperation and dialogue on the basis of equal treatment and mutual respect, and enhance exchanges of experiences on state governance, said Li.

China will set up a committee under the State Council to oversee financial stability and development and the central bank will play a stronger role in macro prudential management and guarding against systemic risks, Xi said.

China will push for "targeted integration" in the areas of grain storage, edible oil processing and maritime engineering within its centrally administered State-owned enterprises in the second half to improve their efficiency and the nation's grain security, according to the country's top State assets regulator.

China's central bank, or the People's Bank of China, announced on Friday to cut the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.