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"China's macroeconomic policy tools are adequate," Sheng Songcheng, former head of the statistics and analysis department at the People's Bank of China, the country's central bank, told China Daily on Sunday. "Proactive fiscal policy will play a major role, while prudent monetary policy will be used to coordinate the fiscal policy."

"China's economic growth will face difficulties from both domestic and external fronts," said Liang Haiming, president of China Silk Road iValley Research Institute and a visiting scholar at Princeton University.

"Compared with large State-owned commercial banks and national joint-stock commercial lenders, city and rural commercial banks, also known as small and medium-sized banks, are weaker in terms of the capital adequacy ratio. They also demonstrated significant regional differences in their interim results. Some of them are financially stable, whereas some are facing major risk exposures," said Michael Hu, PwC China financial services partner.

"China will encourage private forces to open online education institutions and will support internet firms to meet emerging education demands," the guideline said.

"Chinese movies during this year's Spring Festival had a better online reputation than those in previous years. Good film quality and enthusiasm from consumers generated better box office receipts this year," said Xiang Huaquan, president of the Sichuan Emei Film Group, one of the producers of the action movie "Operation Red Sea."