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As the US dollar index sharply rose to 103 on March 20 from 94.6 on March 9, the RMB depreciated against the greenback by 2.4 percent. "The RMB performed the best among major currencies (amid the market turmoil)," said Zhu, compared with the 6.3 percent drop by the euro and a 12 percent decline by sterling against the US dollar.

As the supreme supervisory organ, the national supervisory commission will oversee local commissions and answer to the NPC and its standing committee.

As the country steps up its push to promote the Belt and Road Initiative, the demand for engineering and trade talents has also risen since the beginning of this year.

As the world's largest developing country, China is at a critical stage of economic upgrading and transformation and will improve legislation related to IPR protection, Li said. Severe punishments will be given to those found infringing upon such rights, and forced technological transfers are prohibited and will be cracked down upon if discovered, he added.

As the top two Asian economies, "China and Japan have agreed to deepen regional fiscal and financial cooperation and maintain economic and financial stability" as they face growing threats from unilateralism and protectionism, Minister of Finance Liu Kun said at a news briefing in Beijing after the seventh China-Japan finance ministers' dialogue.