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"China will further digitize the registration and licensing of new companies, and gradually make the process paperless and fully intelligent. By the end of the year, the government will also optimize the process and issue a guide for enterprises to withdraw from the market more easily," Zhang said.

"Currently, the construction and operation of large-scale infrastructure projects represented by SGR calls for more contributions from outstanding government officials and professional technicians," he said.

"Consumption is also one of the pillars to support economy."

"China welcomes all types of businesses, including foreign ones, to participate in the ownership reform of SOEs," said Xiao Yaqing, chairman of the State-Owned Assets Supervision and Administration Commission, at a media briefing on the sidelines of the 13th National People's Congress, the top legislative body, on March 10.

"China's demand for bauxite continues to grow but the supply fell. That gives other bauxite-rich areas, mostly in Southwest China like Guizhou, an opportunity for development in aluminum production," said Cheng Wenchao, an analyst from consulting firm Aladdiny which is specialized in the bauxite industry.