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China's overall fixed-income market is estimated at 67.6 trillion yuan, which global institutional investors can now access. And capital inflows are rising steadily, said Zong.

China's consumer price index (CPI), a main gauge of inflation, has been running below 3 percent for four consecutive months, with August's increase being the smallest in nearly 17 months.

China's economy is growing at a stronger rate and the government will focus on pushing structural reforms and curbing systemic financial risks in the second half of the year, a senior official at China's top economic policy body said on Thursday.

China's new energy vehicle market recorded another year of rapid growth in 2017 as the government continued its green transport push. New energy vehicles refer to vehicles powered by non-traditional fuels, such as electric and hybrid vehicles.

China's focus on new infrastructure projects to offset the economic impact of COVID-19 will also inject new momentum into sustainable growth of the steel industry, Chen said, citing statistics from the Ministry of Finance that local governments in China had issued new bonds worth 1.02 trillion yuan (0 billion) for special infrastructure projects as of March 20.