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China's central bank governor Zhou Xiaochuan last month criticized overheated and hasty outbound investment in industries such as sports and entertainment, which do little for China's economy.

China will step up its efforts this year to expand overseas companies' access to the country's telecom and internet market, with more businesses open to overseas capital, amid the ongoing push to further drive forward opening-up, analysts said.

China's Ministry of Water Resources and the National Development and Reform Commission announced the official full completion of the project's construction, saying it has met all design requirements, has a good overall performance, and fulfills the key roles of flood control, electricity generation, shipping and water-resource utilization.

China will work with other countries to cope with difficulties and challenges and promote peace, prosperity and sustainable development in the region and the world at large, he said.

China's banking system risks are concentrated in rural and small banks, which account for 10 percent of total assets, and are usually in the form of non-performing loans higher than the system-wide average by about 2.5 percentage points at the end of 2018, according to the PBOC's financial stability report.