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China will maintain the principle that houses are for living in and not for speculation, rather than using real estate as a short-term means to stimulate the economy, Han noted.

China's Premier Li Keqiang reaffirmed Wednesday the nation's prudent monetary policy will not change amid quantitative easing speculation in the market, adding the government is firmly against flooding the economy with excessive liquidity.

China will roll out a new copper futures contract this week that will be open to foreign traders, in a push to boost yuan adoption and wrest some pricing power away from the established industry benchmark in London.

China will foster new growth drivers at a faster pace, boost development of energy-saving and environmentally friendly industries and promote a circular economy, Li said.

China's central bank is determined to maintain a prudent monetary policy stance, but it can be slightly adjusted according to changes in economic growth and price levels, to prevent "the divergence of inflation expectation," according to its quarterly issued report on Saturday.