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Wang also met with Rafini and Salim separately on Tuesday.

Wang said OPEC's demonstration of a higher-than-expected compliance rate in the output-cut deal, helped by supply issues in Angola and Venezuela, as well as a decline in Iran's oil exports after US President Donald Trump reinstated sanctions, have all pushed oil prices higher in the first half of this year.

Wang said their children need not worry, as they are living a smart lifestyle in a nursing home.

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Wang Junlin, a Beijing-based lawyer specializing in international commerce and business competition, said the revision, if approved by the top legislature, would mark a huge step forward by China as it improves its anti-monopoly law enforcement.

Wang Zhe, senior economist at Caixin Insight Group, said China's economic recovery is expected to continue for several months, while it requires "careful planning" to withdraw the easing policies launched during the epidemic, considering the remaining uncertainties at home and abroad.

Wang reiterated that the return of Chinese companies to Libya is linked to improved security situation, noting that Beijing will encourage Chinese companies to return as soon as Libya regains stability.

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Wang further said such services are already available in the market. Beijing-based tech company Trinity Earth, for instance, is able to assess a play or film and predict its popularity in advance using big data.

Wang made the remarks at a news conference on the sidelines of the annual session of the National People's Congress.

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Wang made the remarks while joining a deliberation with fellow deputies from Hunan Province to the 13th National People's Congress during its ongoing annual session.

Wang added that the decline of the potential economic output level shrank the tax base, which may increase debt defaults. Financial risks also come from low interest rates, soaring asset prices and the expanding balance sheets of major central banks.