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China's private wealth market will continue to expand in 2013, the report predicted, projecting personal investable assets at 92 trillion yuan for this year.

The money will be used to subsidize investment, discounted government loans and capital funds of the projects.

Although the data for the endowment insurance fund's outstanding account is reassuring, some experts have warned that it is not enough to gauge the true state of the country's pension deficit.

On international cooperation, Cai said China "stands ready to engage in international military exchanges and cooperation so that we can jointly safeguard world peace and meet common challenges."

With regard to the exit of U.S. quantitative easing policy, Lou said the U.S. economy has maintained 40 consecutive months of recovery, so China understood and supported U.S. consideration of tapering. China has not fully liberalized its capital account, so the impact on China will not be serious, he added.