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China's government debt stood at 33.35 trillion yuan (.97 trillion) by the end of 2018, 37 percent of the country's GDP, significantly lower than the EU warning line of 60 percent, Liu said.

China's national observatory said earlier this month that low precipitation and strong winds have put southwestern provinces of Sichuan and Yunnan at high risk of forest fires.

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 new yuan-denominated loans stood at 885.8 billion yuan (2 billion) in February, a sharp fall from a record 3.23 trillion yuan in January, raising concerns about a further slowdown in the world's second-largest economy.

China's foreign investment law took effect on Jan. 1, 2020 to better protect foreign investors' interests, with unified provisions for the entry, promotion, protection and management of foreign investment.