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China's first cargo airport in Ezhou -- designed to handle 3.3 million tons of freight by 2030 -- has started construction last year. Though affected by the epidemic, the airport is expected to be put into use in late 2021 or early 2022, Ren said.

China's commercial banks may get more freedom to determine their own deposit and lending interest rates with the expected acceleration of market-oriented interest rate reform promoted by the top financial regulator, according to market analysts.

China's industrial output rose 5.7 percent year-on-year last year, hitting its annual growth target range of 5.5 to 6 percent. It showed that China has stabilized the economic fundamentals against growth pressure and external turbulence, said Miao Wei, minister of industry and information technology.

China's leading position in the development of electric vehicles and ride-hailing services, will help French automotive parts maker Faurecia double its sales in the next five years, according to Francois Tardif, president of the company in China.

China's efforts in improving its business environment have been recognized by the World Bank in its annual Doing Business report. Last year, China rose to a global ranking of 46 among 190 economies, up from 78 the previous year.