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China's onshore corporate bond market will most likely be the last to benefit from further opening-up measures in the financial system, which aim to boost foreign capital inflows. The measures may include QFII relaxation and license extension to foreign securities firms and asset managers, as well as potential investment banking and asset management license extensions to select banks, said Xing.

China's modest 2020 military budget growth is "reasonable and necessary" to address security issues both at home and abroad, while striking a balance with the nation's economic development, senior colonel Wu Qian, spokesman of the Ministry of National Defense, said on Tuesday.

China's fight against terrorism and extremism is an important part of the same battle being waged by the international community, the white paper said, adding that it is in keeping with the purposes and principles of the United Nations to combat terrorism and safeguard basic human rights.

China's investment in Kazakhstan also saw a steady growth last year. According to the Foreign Ministry of Kazakhstan, Chinese investment amounted to .5 billion in 2018, representing an increase of 6.1 percent year-on-year.

China's cultural and tourism departments at all levels will continue to expand the industry, promote international cultural and tourism exchanges and cooperation, and provide more opportunities for all countries, he said.