The initial plan is to launch two manned spaceships and two cargo spacecraft every year during the new phase, Hao Chun, director of the China Manned Space Agency, said at the press conference.

In March alone, industrial output rose 5 percent year on year and 0.39 percent from the previous month, the NBS said.

The country's gross domestic product grew 4.8 percent year on year in the first three months, picking up pace from a 4-percent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed Monday.

Investment in residential buildings went up 0.7 percent year on year to about 2.08 trillion yuan in the January-March period.

Trade between China and members of the Regional Comprehensive Economic Partnership (RCEP) saw steady growth since the trade agreement took effect at the beginning of this year, official data showed Wednesday.

China's total imports and exports expanded 10.7 percent year on year to 9.42 trillion yuan (1.48 trillion U.S. dollars) in the first quarter of 2022, official data showed Wednesday.

Surging bond yields in the United States have narrowed the space for China to cut interest rates, but reductions in the reserve requirement ratio and targeted liquidity support will remain sensible monetary tools to bolster the Chinese economy, market experts said on Tuesday.

Premier Li Keqiang has urged a quicker rollout of financial support measures to businesses hit hard by the COVID-19 pandemic, noting that some companies are at a key juncture for survival as the nation grapples with its biggest COVID-19 challenge since the early days of the outbreak.

Southwest China's Tibet autonomous region will invest 21.6 billion yuan ($3.4 billion) in its transportation and traffic sector this year, according to the region's traffic and transportation department.