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China will further improve its business environment, step up intellectual property rights protection and provide equal treatment to domestic and foreign enterprises, Premier Li Keqiang said on Friday.

China's SOEs are undertakers of major technology projects, as well undertakers of public infrastructure construction, and social responsibilities such as disaster and poverty relief.

China will enhance oversight over monopolistic practices created by industrial organizations, especially in overcapacity sectors, a senior official with the nation's top economic regulator said.

China will open domestic industries such as services and manufacturing even wider to foreign investors, lower tariffs to increase imports and streamline its negative list for market entry to make it "a market for domestic and foreign firms regardless of their ownership to compete on a level playing field", Premier Li Keqiang vowed on Tuesday.

China will extend tax exemptions for new energy vehicle purchases for another two years in a bid to boost consumption and stabilize the virus-hit economy, authorities announced on Wednesday.