The nation’s top economic planner on Wednesday said China would step up its policy adjustments this year and achieve the five percent GDP growth target “with a jump".

Zheng Shanjie, chairman of the National Development and Reform Commission, made the remarks in a joint press conference in Beijing along with China's finance, commerce, banking and securities heads.

"We have the confidence, capacity, conditions, and resourcefulness to promote the sustained recovery and the long-term growth of the Chinese economy and accomplish all the goals and the tasks of economic and social development set for this year with high quality," Zheng said.

Zheng added that issuing ultra-long-term special government bonds over the next few years would help shore up investment and consumption.

The funds raised through these bonds will support areas such as scientific and technological innovation, integrated urban-rural development, food and energy security.

Meanwhile, Pan Gongsheng, governor of the People's Bank of China, said the country has a "rich toolbox of monetary policy".

Pan added there was room for cutting the bank's reserve requirement ratio, following a 50-basis points cut in January, which was the biggest in two years.

"We will pay more attention to striking a balance between the short term and the long term, between seeking steady growth and preventing risks, and between internal equilibrium and external equilibrium in our monetary policy regulation," he said.