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China will continue to deepen reforms, expand opening up, treat foreign and domestic companies equally, and create a better environment for all types of market entities to make investments and innovations, as well as start businesses, Li said.

China makes headway in application and commercialization of 3D printing, paving way for high-quality manufacturing, end-user engagement

China will actively implement the future work plan for the upgraded protocol of the China-ASEAN free trade area, explore the realization of a higher level of market access based on the RCEP pact, and create a more mutually beneficial, open and inclusive bilateral economic and trade relationship, he said.

China upholds a foreign policy of peace and a national defense policy that is defensive in nature, committing to a nuclear policy of no first use of nuclear weapons, Fu said.

China may face a tougher deleveraging task this year, compared with last year, in light of the economic stability measures for curbing the virus, said Zhang Xiaojing, deputy head of the National Institution for Finance and Development (NIFD) under the Chinese Academy of Social Sciences.