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China's Foreign Investment Law will provide legal protection for opening-up at a higher level and further strengthen confidence of foreign investors, senior officials and experts said.

China will promote the consumption transformation of consumer goods to focus more on utilization-related consumption rather than purchase-based consumption, as well as promote healthy development of housing consumption, said Ning, who is also head of the National Bureau of Statistics.

China's PPI, which measures costs of goods at the factory gate, rose 7.8 percent year on year in February and hit its highest level since 2008, but its growth is expected to fall back largely as a result of industrial capacity-trimming measures.

China will maintain its neutral stance for market competition and offer companies of all categories of ownership a level playing ground, the regulator of China’s State-owned assets and enterprises said on Monday.

China will help foreign companies resume production, and ensure service for major projects invested by global firms to enhance the country's ability to attract foreign investment, according to the Ministry of Commerce.