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China ensures lawyers' right of practice so that lawyers play a bigger role in safeguarding the legitimate rights and interests of parties concerned.

China has injected 16.17 trillion yuan (.39 trillion) in new yuan loans in the past year to stabilize growth. There is room to improve the monetary transmission mechanism to spur lending to smaller firms, Zhu said.

China has announced measures to cut the social insurance contribution of businesses as part of its efforts to reduce the burden of companies and boost market vitality.

China has built 21 LNG receiving terminals across the nation, with an annual receiving capacity of 80 million tons. Out of this, CNOOC accounts for 10 receiving terminals with a combined capacity of 45.2 million tons.

China faces some headwinds for growth next year, such as downward pressure from an easing real estate sector, shifting of the policy focus to quality of growth, financial regulatory tightening and fallout from China-US trade disputes, said Chen Xingdong, chief economist at BNP Paribas China.