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China's fossil fuel consumption is likely to peak in 2020, and will decline steadily afterward, the report said. It predicted the use of coal in electricity generation and industrial sectors will continue to decrease, while rapidly increasing electricity applications in transportation and industrial sectors will also reduce the country's reliance on oil and natural gas, the report said.

China's commercial property investment amounted to 53 billion yuan (.68 billion) in the first quarter of 2019, with half coming from cross-border investors, according to a recent report.

China's efforts are not because of outside pressure but because China is a responsible member of the international community, said Geng.

China's criminal law stipulates a no less than three years and not more than seven years prison term and a fine for those who steal, disclose or use commercial secrets that causes significant loss to those holding related rights.

China's fiscal revenue increased at a steady rate of 10.6 percent on an annualized basis during the first half of this year with fiscal spending in key sectors growing at a faster pace and sustaining economic growth, the Ministry of Finance said on Friday.