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To boost the development of the service trade industry, the ministry said China will further lower market access barriers for the industry, continue to reduce the negative list of foreign investment access and accelerate the opening-up process of sectors including healthcare, culture, education and telecommunications.

To ease the fiscal pressure on local governments, China accelerated the allocation of a special bond quota and let local governments issue bonds as early as in January.

To better localize in the Chinese market, Emerson decided to invest in a research and solutions center in Suzhou to help with its business in the area of air-conditioning, heating and cooling.

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To assist the employment of 28 million impoverished migrant workers, Liu noted the country will prioritize employment support for the poor laborers.

To brace for the delivery peak, 10 major e-commerce enterprises have stored up manpower and improved their express network in advance, with nearly 20,000 sorting and delivery personnel and more than 7,000 vehicles added in the city.

To build client loyalty in foreign markets amid intense competition, Beiben is providing customers with better after-sales service and sufficient supply of spare parts, Jin said.

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To be specific, the Shanghai-Hong Kong stock connect mechanism will be further optimized, he said. The investment targets under the stock connect programs between Shanghai, Shenzhen and Hong Kong will be expanded further. The businesses under the Shanghai-London stock connect program will be completed. Connectivity programs for exchange traded funds between China and overseas markets can be experimented within a wider range, said Yi.

To date, 33,000 defaulters have complied with court rulings under such pressure, it added.

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To achieve the economic and social development targets this year, China should coordinate its macroeconomic, structural and social policies and properly implement the proactive fiscal policy, prudent monetary policy and policies to prioritize employment, according to the statement.

To achieve the goal set for 2035, the government will put particular focus on improving regional infrastructure, creating procedures to attract talent and introducing more policies to connect regional financial markets and promote internationalization of the yuan, Zhang said.