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China has also made big strides in fostering a better business environment, as the country ranked 46th place out of 190 countries in the World Bank's newly released ranking list in 2018. While China ranked 78th place for ease of doing business in 2017.

China deplores and firmly opposes the proposed Hong Kong legislation as wantonly criticizing Hong Kong affairs and grossly interfering in China's internal affairs, the Foreign Ministry said.

China has been shaping a top-down consensus to develop artificial intelligence application in restructuring its economy, said a leading public policy scholar.

China has always respected international law as well as national laws in its cooperation with different nations. The country is expediting the signing of agreements in trade, investment, finance, taxation, intellectual property rights, transportation and environmental protection with different nations to develop a Belt and Road network of regulations and the rule of law, he said.

China filed a complaint to the World Trade Organization (WTO) against the EU over high poultry tariffs in April 2015, putting forth a consultation request and formally starting WTO dispute settlement procedures.