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China will introduce further relaxed terms and refined procedures for deductions of the VAT in the manufacturing sector and come up with support policies for R&D and innovation in businesses, he said.

China will enact interim relief measures for COVID-19 patients who have been living below the poverty line and those who find themselves in difficulty due to the infection of family members, according to a statement released after a meeting presided over by Premier Li Keqiang on Thursday.

China will maintain prudent monetary policy to promote the development of the housing market, as risks in the sector remain under control, a vice-governor of the central bank said on Friday.

China will further open up in the future. During the Boao Forum for Asia earlier this month, Chinese President Xi Jinping said China will continue to staunchly stay on the path of peaceful development, pursue a mutually beneficial strategy of opening-up, and forge a new type of international relations featuring mutual respect, fairness, justice and win-win cooperation.

China will devote more resources to reforming its manufacturing sector with new, innovative technologies, while improving the higher education system's ability to produce quality talent capable of original, groundbreaking work, officials said on Saturday.