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His remarks came as humanity is grappling with growing uncertainties caused by the pandemic pullback, a global recession, as well as backlash to economic globalization.

Both deregulation and oversight will be stepped up. Registration departments shall enhance compliance oversight, and refuse to register or correct the corporate names inconsistent with the requirements. Disputes over corporate names may be settled through lawsuits or mediated or decided by registration departments.

China will take necessary measures to protect Chinese companies' legitimate rights and interests, said the spokesperson.

Identification of list of entities with serious acts of bad faith will be better regulated. The list shall be limited to those who put public health and safety in grave jeopardy, seriously sabotage the fair market competition order or disrupt normal social order. The list shall not be willfully expanded without authorization.

The supply-and-demand in the coal market is generally balanced with sufficient supply for this winter and spring next year, said Meng Wei, a spokesperson with the National Development and Reform Commission, at a press conference.