While a deficit-to-GDP ratio of 3 percent is traditionally considered a technical red line, the experts said it is unreasonable to rigidly adhere to the 3 percent rule as long as China's economic growth is sufficiently fast to pay for the deficit.

Wu added that aligning with China's green commitments does not mean to rigidly cut coal production regardless of energy demand.

Foreign banks abide by these rules rigidly in this regard.

The draft law, for example, rules that special institutions should be established to protect these resources, and effective measures will be introduced in some key snowcapped mountains and glaciers to rigidly restrict disturbances from people.