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China's 25 leading excavator makers sold a total of 20,939 excavators last month, up 51.3 percent year-on-year, according to the China Construction Machinery Association.

China will take the opportunity on the 40th anniversary of the start of the reform and opening-up policy this year to carry them through to the end, President Xi Jinping said on Sunday, while pledging efforts to "surmount all obstacles to carry the reform further to its ultimate triumph".

China's centrally administered SOEs are encouraged to make the most of their strengths to map out future development strategies for the area, the SASAC said in a statement released Friday after a meeting gathering its leaders earlier this week.

China's auto market is showing signs of recovery with the drop in sales in March smaller than in recent months, and it is expected to stop declining completely by the middle of the year, officials of the country's leading auto industry association said.

China will step up guidance and oversight for Chinese enterprises that have gone global and bring standards to their investments and operations, he said. Chinese enterprises will also be guided to abide by local laws, regulations and international practices, he added.