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China will continue to accelerate the push for improving its business environment in an effort to spur high-quality economic development amid mounting downside pressure and uncertainties, the country's top economic regulator said on Friday.

China started to impose anti-dumping duties on imported alloy-steel seamless pipes for high temperature and pressure from the United States and the European Union in 2014. In June last year, the commerce ministry adjusted anti-dumping duty rates for producers of such products from these regions.

China will continue to implement a proactive fiscal policy and prudent monetary policy while making policies more forward-looking, flexible, and effective, according to a meeting of the Political Bureau of the Communist Party of China Central Committee on July 31 this year.

China is witnessing gradual return of consumption with economic activities slowly coming back to normal as the COVID-19 outbreak subsides, according to an official from the country's top economic regulator.

China proposes the establishment of a joint investment fund between financial institutions from the three nations under commercial and market principles to provide funding support for trilateral cooperation and cooperation at an even larger scope, Li said at the leaders' meeting.