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China will control local government debt growth, crack down upon financial irregularities and improve supervision on Internet finance, according to Xi.

China will further regulate national compensation procedures as government departments with compensatory obligations are required to make decisions within two months, according to a draft regulation by the Ministry of Public Security.

China will improve the protection of intellectual property rights in patent disputes by setting up a national-level IP court. The new court will streamline the appeal process by allowing litigants to bypass top provincial courts, the Supreme People's Court said on Saturday.

China's auto sales and output continued to recover last month, with both figures rising to a higher level of about 2.5 million vehicles, industry data showed.

China's A-share market will probably continue its recovery in February, amid improved liquidity conditions and brightened investor sentiment, analysts said.