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The country should push forward supply-side structural reform, expand demand moderately, boost innovation, continue to implement the west development strategy, and strengthen the coordination of it with other major strategies such as the Belt and Road Initiative and development of the Yangtze River Economic Belt, he said.

Work safety authorities will send out staff to over 7,000 coal mines nationwide for supervision, and dispatch 30 secret investigation teams to mines at city-level or below, according to Yang.

Local authorities should remove unreasonable restrictions on market access, reduce transaction costs generated by government procedures and help ease difficulties in financing for individual business owners and private firms, he said.

China has become the No. 1 travel destination for US tourists in the Asia-Pacific and the U.S. is the third biggest source country travelling to China.

"China has to master a tremendous economic transformation to make this growth more sustainable," he said, "at the same time, economic stagnation in many European countries and Britain's vote for Brexit both shake and shape our bilateral economic relations."