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China will step up protection of property rights to provide sustained impetus for economic development, according to a decision made at the State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

China's CPI growth is expected to go low from high in 2020, and the overall price operation level will remain in a reasonable range, said an official of the National Development and Reform Commission on Thursday.

China's brick-and-mortar bookstores have recovered from a wave of closures and are mounting a comeback.

China's central bank governor Zhou Xiaochuan said in June that opening up helped to build a strong and competitive financial sector in China, and that protectionist behavior limiting the participation of foreign players in China would lead to laziness and weakness, causing poor competitiveness and hurting the industry's development.

China will expand the opening-up of the sector, implement major financial opening-up measures and accelerate the development of the reinsurance market, according to the document.