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Authorities will guide green development of agriculture through the formulation and revision of national and industrial standards, including those on the use of pesticides and chemical fertilizers, he said.

Austrian companies possess very specific know-how in many areas including high-tech, infrastructure and environmental technologies, and are even market leaders in some branches, he said.

BASF signed a memorandum of understanding for its second Verbund chemical project in China in July last year. According to the agreement signed on Thursday, this project in Zhanjiang will take circular economic approach and sustainable production mode to support its clients in South China.

Average price increases for new homes have decelerated for nine consecutive months in the four largest cities - Beijing, Shanghai, Guangzhou and Shenzhen - while in second-tier cities, prices have eased for seven straight months, data from the National Bureau of Statistics showed Tuesday.

Australia blocked Huawei and fellow Chinese telecoms company ZTE from providing 5G equipment in August and New Zealand banned Huawei in November.