Work should also be done to defuse local government debt risks in a more active yet prudent manner, regulate financing activities of local authorities and curb the growth of hidden debt, it said.

Disorders in the financial sector should be corrected, while financial coordination should be strengthened to make the financial sector better serve the real economy, it said.

The meeting also urged efforts to stabilize the property market, encourage domestic private investment, boost employment and improve the business environment to attract foreign investment.

The Chinese economy continued steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.15 trillion yuan (5.6 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed.

In the second quarter, GDP held steady at 6.9 percent year on year, flat from the first quarter, according to the NBS.

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