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The country also pursues high-quality development, which targets giving the public confidence and stable expectations, Xi said. Reform, opening-up and innovation were all key words used in the 19th National Congress of the Communist Party of China in October and the two sessions in March, which all aimed to bring happiness to the people, he said.

The country's 14th Five-Year Plan will start in 2021. SOEs will focus on their main responsibility and business, develop sound market-oriented operating mechanisms and increase core competitiveness next year, said Hao Peng, chairman of the State-owned Assets Supervision and Administration Commission of the State Council.

The country has rolled out a slew of counter-measures for disease prevention and control, work resumption and consumption boosting, he said. The government has put great efforts in particular in serving enterprises, boosting development and maintaining employment.

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The country should strike a balance between the need to keep the economy buoyant and the need to contain debt risks, he said. Therefore, he suggested China factor in the repayment abilities of local governments when determining debt quotas, and avoid fiscal stimulus from direct lending to State-owned enterprises and local governments.

The countdown to this summer's quadrennial sporting extravaganza entered its final stages on Friday with the arrival of the Olympic flame in Japan.

The coronavirus outbreak has affected all walks of life and caused unexpected difficulties to businesses, but these measures bring relief to small and medium-sized businesses, said Zhang Xinbo, co-founder and CEO of GaiaWorks, a company in Suzhou.

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The country will also pay close attention to financial risk control, and make sure that the country's financial oversight and regulatory capabilities are in line with the level of opening up, according to the statement.

The country will step up efforts to bolster the rural digital economy, with wider use of digital technologies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

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The congress, China's most significant political meeting in five years, came at "the decisive stage in building a moderately prosperous society in all respects and at a critical moment as socialism with Chinese characteristics has entered a new era."

The country is also willing to work with the international community in adhering to the principles of fairness as well as common but differentiated responsibilities. China will also safeguard the United Nations Framework Convention on Climate Change and the Paris climate agreement and work toward implementation, the premier said.