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China's banking and insurance regulator announced on Wednesday it had issued a notice to local regulators and banking institutions, demanding they further improve the quality and effect of financial services for small and micro-sized enterprises.

China's Foreign Investment Law and its supplementary regulation took effect on Jan 1, marking an official shift in the country's supervision of foreign investment from the old model of case-by-case approval to negative list management.

China's central bank injected 257.5 billion yuan (.8 billion) of funds into the market on Wednesday, in a move to bolster the private sector and small businesses.

China's Ambassador to Belgium Cao Zhongming said on Wednesday that the youth of the China and Belgium should work together with an open mind and spirit of inclusiveness to contributing more to the world's future.

China will recruit 10,000 retired teachers for rural schools to boost education in undeveloped areas, according to a plan jointly formulated by the Ministry of Education and the Ministry of Finance.