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China must pay more attention to cutting its consumer leverage ratio due to rising risks in the financial sector from the rapid growth of household debt, according to the top banking watchdog.

China will allow foreign investors to freely remit their yuan-denominated profits and dividends and pledged to remove all barriers in cross-border trade and investment, the central bank said on Friday.

China will be a pivotal market in the process of the global auto industry's electrification, said industry insiders.

China will continue to hold high the banner of peace, development, cooperation, and mutual benefit and uphold its fundamental foreign policy goal of preserving world peace and promoting common development. China remains firm in its commitment to strengthening friendship and cooperation with other countries on the basis of the Five Principles of Peaceful Coexistence,1 and to forging a new form of international relations featuring mutual respect, fairness, justice, and win-win cooperation.

China will continue to ease foreign ownership restrictions in fields like finance, healthcare and elderly care, he said.