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China will defer income tax payments for small companies with thin profit margins, as well as individually-owned businesses, to help them resume business and production, said the State Taxation Administration.

China will reduce coal production by at least 150 million tons this year, Premier Li Keqiang said in the Government Work Report at the fifth session of the 12th National People's Congress.

China will soon introduce a dual-credit scheme for gasoline cars' fuel consumption and new energy car production, almost a year after first seeking public opinion about the issue in September 2016.

China will not revise its foreign exchange policies, as the United States labeling it "a currency manipulator" is unreasonable and unlikely to get support from multilateral mechanisms, according to Chinese officials and analysts.

China will firmly adhere to its reform and opening-up to share the benefits of development with the rest of the world, Li said.