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China is increasingly reliant on crude oil imports as domestic supply is unable to keep pace with demand, mostly driven by rising demand for oil products such as gasoline and jet fuel.

China is recognized as a mature provider and generator of data, Prashara said, noting that China's project managers could be more tech-savvy than their counterparts elsewhere. "For the PMI, the China market is growing significantly. There is an opportunity for us to choose China as an innovation center where we can research new ways of working."

China has signed cooperation deals with more than 130 countries, regions and international organizations on jointly developing the Belt and Road, with 17 free trade agreements involving 25 countries and regions finalized. The work conference, presided over by President Xi Jinping, called for continued expansion of economic opening-up.

China is also planning to raise the budgeted deficit ratio, a proportion of fiscal deficits to the GDP, and issue special sovereign debt, the first time since 2007. Local governments will also issue more special bonds compared with the amount raised last year, to increase spending mainly in infrastructure, the top-level policy meeting said.

China is ready to step up coordination and cooperation in multilateral mechanisms with Papua New Guinea, support its hosting of the Asia-Pacific Economic Cooperation Economic Leaders' Meeting this year and jointly build an open Asia-Pacific economy, Xi said.