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China's energy output and supply-demand structure has been optimizing in recent years towards clean, low-carbon and diversification, said Liang Zhipeng, deputy director of the new energy and renewable energy department at the National Energy Administration.

China's economic growth is projected to decline to 2.3 percent in the baseline scenario, and 0.1 percent in the lower case scenario in 2020, down from 6.1 percent in 2019, according to the World Bank's updated economic report for the East Asia and Pacific region.

China's investment in Africa has also seen strong growth, as the ministry's data show that more than 3,700 Chinese companies had set up branches in Africa by the end of 2018, bringing over billion to the continent.

China's onshore corporate bond market will most likely be the last to benefit from further opening-up measures in the financial system, which aim to boost foreign capital inflows. The measures may include QFII relaxation and license extension to foreign securities firms and asset managers, as well as potential investment banking and asset management license extensions to select banks, said Xing.

China's largest provider of on-demand online services Meituan-Dianping officially announced Wednesday it is taking full control of the leading Chinese bike-sharing company Beijing Mobike Technology Co Ltd for an undisclosed amount, dealing a blow to its biggest rival Didi Chuxing.