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China has requested consultations with the United States on the tariffs at the World Trade Organization and the EU has sought to join the consultations.

China has taken a series of supportive measures, such as tax cuts and fee reductions, to boost the corporate sector. In February, the sub-index of PMI for large-scale enterprises was 51.5, up from 51.3 in January, but that for the small and medium-sized enterprises was 46.9 and 45.3 respectively, both below the 50 mark.

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 is a big paper user and producer. According to the China Paper Association, China produced 9.2 million tons of household paper in 2016, up 4 percent from a year ago. Consumption of household paper during the same period was 8.5 million tons, a yearly increase of 4.5 percent.

China has so far cut 900 million metric tons of coal capacity, resettled 1 million coal mine employees and restored the balance between coal demand and supply, Zhang said.