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China's Huawei Technologies Co Ltd suffered a major setback on Tuesday when its US partner AT&T Inc reportedly dropped a deal to sell the company's smartphones at the last minute under political pressure from US lawmakers.

China will not change its production and operational goals and reform tasks set at the beginning of the year for its centrally administered State-owned enterprises, despite the temporary impact of the epidemic of novel coronavirus pneumonia, senior State assets regulators said on Tuesday.

China will continue with the policy which allows small and micro-sized businesses to postpone principal and interest repayments on inclusive loans in the first quarter of next year, and will extend the policy period appropriately, according to the meeting presided over by Premier Li Keqiang on Monday.

China will open its market and expand imports based on its new round of reform and opening-up and the demand of the domestic market and the Chinese people, to ease related issues in economy and trade, the statement said.

China's business environment has significantly improved, as results from two recent reports showed.