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As of June 30, the non-performing loan balance of Agricultural Bank of China Ltd declined by 8.1 billion yuan (.2 billion) from the beginning of this year to 185.9 billion yuan. Its NPL ratio dropped by 19 basis points to 1.62 percent.

As part of the country's broader push to open up the economy, authorities recently announced that China is working on what will be a "substantial" tariff reduction for imported vehicles.

As of Tuesday, South Korea has reported 5,186 cases of infection and 34 deaths, and Iran had reported 2,336 cases, including 77 deaths.

As part of its effort to develop major-country relationships, China has been working to intensify its comprehensive strategic partnership of coordination with Russia; advance the China-US relationship based on coordination, cooperation and stability; and build the China-EU partnership for peace, growth, reform and civilization, Yang said.

As it safeguards China's smaller firms and the self-employed, the government can stabilize the job market and economic fundamentals and secure the foundations of future growth, said the premier.