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"Currently, financing channels and the allocation of financial resources are overdispersed. Some so-called innovative financial institutions are seeking high returns by taking high risks. It has raised the already high costs of financing among small and microenterprises, although their financing difficulties seem to be mitigated," Yi said.

"China will push for the development of energy-saving, environmentally friendly agriculture, expand pilot programs to replace chemical fertilizers with organic alternatives, and speed up efforts to utilize agricultural waste," he said.

"China will never close its door, and will instead continue international cooperation under the Belt and Road Initiative with the principle of achieving shared growth through discussion and collaboration," Yang said.

"Currently, the data of banking institutions lack accuracy, comprehensiveness and timeliness. These quality problems of data have prevented banks from heading toward high-quality development and have affected the regulatory efficiency," said the China Banking Regulatory Commission in a written explanation for the latest guidelines posted on its website.

"Climate change impacts like droughts, and floods are becoming more frequent and intense, leading to unsustainability of agriculture," Srinivasan Ancha, the Asian Development Bank's principal climate change specialist for Southeast Asia, said.