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There are other symbols that look like the Chinese marking (like the Siamese chakra) so a picture would help. Also, does the rifle have a straight bolt handle or is it turned down?
It could be Chinese. Prior to the German-Japanese alliance in 1936 and Japan's invasion of China in 1937, China was a major purchaser of Mauser rifles. Before 1934, those guns were the Mauser Standard Modell, rifles that were nearly identical to the K.98k. After the adoption of the K.98k in 1934, the Mauser commercial models were taken from K.98k production and are identical to that rifle except for the Mauser banner commercial marking. China also made copies of both rifles in-country.
Jim
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