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China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year-on-year in January, the National Bureau of Statistics said Friday.

China's major SOEs will complete corporate governance reform by the end of 2017, according to a State Council action plan released in July. The reforms target SOEs supervised by the central government, excluding financial and cultural firms.

China's fast-developing services sector will continually support the job market and minimize the negative impact of US tariffs on China, he said.

China's economy continues to recover from the COVID-19 pandemic, but the government should be wary of potential debt risks in 2021, an executive of China Chengxin International Credit Rating Co said.

China's commitment to opening-up has been felt by international companies.