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Lawmakers in the landlocked province decided to draft the new law at the provincial legislature's annual session last month, Gansu's environmental protection department said in a press release.

But analysts and private companies questioned how much private enterprises would be able to benefit even if more specific rules are issued.

At the three-day bimonthly session of the Standing Committee of the National People's Congress (NPC), legislators are scheduled to review the newly submitted draft amendment, which has introduced a few key changes after several rounds of opinion gathering.

Li also visited local enterprises to learn about their achievements in improving competitiveness through technology innovation.

Local banking authorities should create a good environment for private investment to participate in the banking industry, said the top regulator,adding that they should increase transparency of market entrance with no particular restriction or additional condition for private investors.