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China hopes the two sides will implement their consensus as shown in the declaration, and contribute to a political settlement of the Korean Peninsula issue and lasting peace of the region, Geng added.

China has set an inflation control target of 3 percent for this year. But even if it reached 3 percent in September, the average reading for the whole year would still be lower than 3 percent given the lower readings in previous months. Moreover, core inflation, which excludes highly volatile energy and food prices, remains stable at low levels, making it almost impossible for authorities to tighten monetary policy, analysts said.

China is beefing up efforts to promote mass entrepreneurship and innovation, which is a new growth engine for its economic and social development.

China has upgraded its average broadband speed up to 49 Mbps and will eliminate charges for domestic roaming and long-distance calls this year.

China has rolled out a set of measures to help small and micro businesses overcome difficulties caused by COVID-19, including encouraging financial institutions to provisionally defer loan repayments and increasing lending at concessional rates.