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China's steel industry must firmly adhere to the "dual-circulation" development strategy, letting domestic and global markets complement each other while taking the domestic market as mainstay, to accelerate the establishment of a stable and efficient high-quality raw materials supply system, said a senior industry expert.

China, a top-priority market for many multinationals, will further get integrated into the global economy by allowing foreign companies greater acess to the services industry, including elderly care, health and education. It will lift limits on foreign-owned equity in some areas, and fully open the manufacturing sector, according to the government policies that have been evolving since 2017.

China's year-on-year July consumer inflation registered higher-than-expected growth compared with the previous month's, while factory gate price inflation cooled slightly amid moderate downward pressure and trade friction with the United States.

Chinese Ambassador to Britain Liu Xiaoming appears on BBC TV's The Andrew Marr Show in London, Britain Feb 9, 2020. [Photo/Agencies]

China's software and IT service sector has witnessed rapid development during past years thanks to internet-based innovations and upgrades in traditional sectors.