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China rolled out a raft of steps in 2018 to open up its financial markets such as easing foreign ownership restrictions to 51 percent and then to 100 percent two years later.

China maintained stable employment last year, with the number of newly created jobs in urban areas reaching 123.7 percent high as the annual target, amid a moderate economic growth and external uncertainties.

China will also significantly reduce enterprise contributions to social insurance schemes, he said.

China will continue to foster stable growth, push supply-side reform, resolve major financial risks, properly deal with local government debt and promote a healthy development of the property market, Yang, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference, said at a news conference.

China remains committed to the peninsula's denuclearization, firmly safeguarding its peace and stability, and upholds settling the issue through dialogue, Xi said.