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China will never close its door to the world, said Li, adding that China will also improve the quality and level of its opening-up, further ease market access and further protect the legitimate rights and interests of foreign investors.

China's automotive market continued its downward spiral in June, which has prompted the country's leading industry association to downgrade its estimate to a fall of up to 5 percent from 2018.

China would also likely stop or reduce its purchases of dollar-denominated assets, especially US Treasury bills, meaning that China (and Japan) will no longer provide the financing of the US budget and trade deficits.

China will see a historic high of 8.3 million college graduates this year, and Li said in a news conference in March that the country will see to it that no families face the plight of all its members being jobless.

China's biggest electric carmaker BYD launched an unmanned driving system for its monorail train in Yinchuan, capital of the Ningxia Hui autonomous region, on Wednesday. The system will be officially put into use in the second quarter of 2018.