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Chinese President Xi Jinping left Beijing on Friday to attend the 25th Asia-Pacific Economic Cooperation Economic Leaders' Meeting in Da Nang, Vietnam on Nov 10-11, and then he paid state visits to Vietnam and Laos from Nov 12 to 14.It is Xi's first overseas trip after the 19th National Congress of the Communist Party of China (CPC) in October. The trip attracts much attention from the international community and will open up a new vision for diplomacy with Chinese characteristics in the new era.

China's top tax authority said the country's tax and fee cuts totaled over 1.5 trillion yuan (about 6 billion) in the first half of the year. [Photo/Sipa]

Chinese SOEs have significantly increased their scale, power, and competitiveness since the reform and opening-up which began 40 years ago, he said.

China's top State asset regulator urged centrally-administrated State-owned enterprises to create more job opportunities for college graduates, migrant workers and residents in poor areas this year to help return the epidemic-hit economy to normalcy.

China's push toward further opening-up promises to be a game-changer that could help usher in a new era in global trade, international cooperation and globalization, experts said.