At the same time, the government said it will reduce its general expenditures by more than 5 percent, the finance ministry said in a statement provided before a news conference.
The statement didn't specify areas where expenditure would be reduced.
The central bank, in a separate statement on Tuesday, said it will maintain prudent monetary policy, keeping it neither too tight nor too loose, and strengthen the counter-cyclical adjustments.
Monetary policy will be made more forward-looking, flexible and targeted, said the bank.
(Reporting by Kevin Yao and Beijing Monitoring Desk; Editing by Richard Borsuk)
