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China's oil and gas exploration sector has been long dominated by State-owned enterprises, including China National Petroleum Corp and China Petroleum and Chemical Corp, the world's largest refiner by volume.

China's goal to cut coal capacity by 500 million tons within three to five years starting 2016 will likely be met in advance, Lian Weiliang, deputy head of the National Development and Reform Commission, said at a trade fair.

China's circuit breaker arrangement for international passenger flights was tightened on Wednesday to contain the spread of COVID-19.

China's current account surplus is less than 1.5 percent of the GDP, and the trade surplus of goods accounts for only about 3 percent of the GDP. The contribution of consumption has risen to 58.8 percent, and the proportion of added value of the service industry has risen to 51.6 percent, indicating that the Chinese economy has relied more on domestic demand, according to Lou.

China's far-ocean fishing operations began three decades ago, but the production of related goods was only 1.3 percent of the world's total because of technological limitations, he added.