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China's foreign direct investment increased 3.3 percent year-on-year to 701.16 billion yuan (1.23 billion) in the same period, with the FDI rising by 7.2 percent year-on-year to 64.46 billion yuan in October, the MOC said.

China's ongoing supply-side structural reform has led to reduced production capacities and rising prices in steel, nonferrous metals and some other products. Prices of commodities futures, such as steel rebar, started to rise in June through early this month, contributing to corporate profits.

China's gas storage facilities, rather than operating independently, have long been auxiliary to the pipelines, which has substantially constrained development and is standing in the way of a more open and liberalized gas sector in the country, she said.

China's current account has been influenced by the novel coronavirus pandemic, largely due to weaker external demand and dwindling trade surplus in goods.

China's embassy in Washington could not immediately be reached for comment.