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China has set 2020 as the target year to eradicate absolute poverty. The ministry urged more efforts in tapping the cultural and tourist resources and making new achievements in poverty reduction.

China is facing large challenges unprecedented in recent times given the grave situation of global disease prevention and the slowdown of the world economy, according to a key Party meeting on Friday.

China has roughly 20 percent of the world's population but only 7 percent of the world's arable land, while the US has less than 4 percent of the world's population and 15 percent of arable land, said Zhang.

China holds the rotating chair of the emerging market bloc this year.

China has projected deficit-to-GDP ratio at more than 3.6 percent this year in its Government Work Report, as an indication of its proactive fiscal policy. It will also look to increase government spending to offset the downside economic pressure. Cutting taxes and fees will help ease the operational difficulties of businesses, while the central government's payment transfers to the local authorities will guarantee the management of primary-level governments, the minister said.