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China's foreign investment law will give more confidence to foreign investors and promote the growth of the economy, according to Maurice Greenberg, chairman and CEO of Starr Companies.

China's move came after US President Donald Trump signed two proclamations on Thursday to levy a 25 percent tariff on steel and a 10 percent tariff on aluminum while offering potential exemptions for Canada and Mexico. Trump said the penalties may "go up or down depending on the country, and I'll have a right to drop out countries or add countries".

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 growing clean power demand has boosted the rapid development of nuclear power in the country, making it among the few in the world to have independently developed third-generation nuclear power technology, with a complete industry chain, industry experts said.

China's holdings of US treasuries fell to .1682 trillion in January, down from .1849 trillion in December, reaching the lowest level since July, the data showed.