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China's moves to expand foreign companies' investment options will accelerate the upgrade of the country's economic structure and encourage many domestic businesses to deepen reform and break their monopoly operation, experts said on Thursday.

China's imports of agricultural goods declined by 4.5 percent to 1.6 billion in 2016, according to official statistics, and its annual trade deficit declined by 16.5 percent to .6 billion. That year, the country was 84.2 percent self-sufficient with grain, 6 percentage points higher than in 2015.

China's civil aviation industry owns 261 runways, 6,166 stands and a total terminal area of 15.16 million square meters with over 700,000 current employees, said Zhang.

China's economy expanded in the second quarter at a better-than-expected pace of 6.9 percent year-on-year. The International Monetary Fund (IMF) on Monday revised up China's growth forecast for 2017 and 2018 to 6.7 percent and 6.4 percent respectively.

China's economy expanded 6.9 percent in the first half, well above the target of around 6.5 percent for the year.