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China recorded fewer casualties in floods despite the highest precipitation in decades in middle and lower reaches of the Yangtze River, according to authorities. 

China is willing to enhance strategic communication and pragmatic cooperation with the EU to forge ahead the China-EU comprehensive strategic partnership, Li said.

China itself has been a large consumer of machine tools. The country spent .5 billion buying machine tools last year. But most Chinese machine tool companies can produce only low-end equipment. They also rely heavily on imports of advanced computer numerical control or CNC machine tools.

China will continue to promote fair market competition in the financial sector. But some giant fintech groups are "hindering fair competition and obtaining excess returns", and taking advantage of "data monopoly", said the CBIRC chairman.

China remains capable of attracting global investment this year, as foreign direct investment from nonfinancial sectors in the Chinese mainland grew 4 percent year-on-year to 87.57 billion yuan (.68 billion) in January, data from the Ministry of Commerce showed.