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China will greatly increase the share of revenues from land transfers diverted to agricultural and rural areas, a measure expected to help finance rural rejuvenation.

China's BeiDou Navigation Satellite System started its global service at the end of 2018, benefiting countries like Myanmar, Laos, Brunei, Pakistan and Indonesia in land planning, pest detection, urban construction, mapping and more.

China's catching up in key electronic parts, computer chips, and software - the so-called soul of information technology - is "a remarkable achievement considering how fast other countries are also developing", Diao said.

China will step up efforts to accelerate free trade port construction this year, a further step to build on the success of free trade zones across the country, the Ministry of Commerce said.

China's A-share market is expected to see sustained bullish performance in 2021 as more efforts are made to improve the quality of listed companies and further explore domestic demand, experts said.