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China's business environment is also improving. In 2019, China saw its ease of doing business ranking ascend to 31 from 46 a year ago as one of the top 10 most improved economies, according to a World Bank report.

China will further financial opening-up and promote high-quality economic growth, which will help stabilize the foreign exchange market as well as overall foreign exchange reserves, although global economic growth is slowing and there are still many external uncertainties, Wang said.

China will step up efforts to improve water conservation infrastructure such as farmland irrigation facilities in poverty-stricken areas in 2020, and push for the construction of key water conservation projects, the minister said.

China's Industry and Information Technology Minister Miao Wei said during the plant's opening ceremony that Geely and Proton should seize the opportunities provided by the Belt and Road Initiative, and urged them to deepen cooperation to offer globally competitive products.

China's BeiDou Navigation Satellite System started its global service at the end of 2018, benefiting countries like Myanmar, Laos, Brunei, Pakistan and Indonesia in land planning, pest detection, urban construction, mapping and more.