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The contract for settlement in December 2020 opened 0.09 percent higher at 98.58 yuan. The contract for settlement in March 2021 opened 0.02 percent higher at 98.02 yuan.

The country will accelerate equity investment through the State Financing Guarantee Fund this year, aiming to invest in 10 prefecture-level government-controlled financing guarantee institutions that have been successful in supporting small and micro-sized firms as well as agricultural and rural entities.

The country will also explore FTA feasibility studies with Nepal, Bangladesh and Moldova this year, Qian said.

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The country will continue to implement a proactive fiscal policy and prudent monetary policy, according to the annual Central Economic Work Conference held in December.

The country is at the cusp of eliminating extreme poverty, which is defined as living off less than per day. That's a huge accomplishment, but extreme poverty is a very low standard. Still, about 60 percent of China's people live off less than per day and almost 90 percent live off less than per day. This compares to South Korea or Japan where less than 20 percent of people live off less than per day.

The country should also further explore the sharing of the prescriptions and medicine sales by medical institutions, according to the statement.

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The country will continue to implement policy incentives and step up financial support for SMEs, while helping them to develop expertise in specific fields, Miao said.

The country will further deepen market-oriented reform, expand high-level opening-up and speed up efforts in building a modern economy.

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The country has set 2020 as the target year to complete the building of a moderately prosperous society in all respects, which requires all citizens to be living above the poverty line -- per capita annual income of 2,300 yuan, a standard set in November 2011.

The country will fully carry out credibility systems in scientific research fields, said Lian.