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China's 2.5 trillion yuan (1.2 billion) tax relief plan for this year will help ease financial strains and accelerate production recovery of enterprises with key measures like further cuts in the value-added tax rates and social security contributions, experts said on Monday.

China's authorities have stepped up efforts to rein in financial risks, promising to correct irregular fundraising behavior by local governments.

China will display the items in Beijing next year as part of a wider plan to celebrate the 50th anniversary of the establishment of diplomatic ties between Italy and China.

China's central bank announced a targeted reserve requirement ratio cut at the end of September to encourage inclusive financing at commercial banks, such as credit support for small- and micro-sized enterprises, startups and agricultural production.

China's "one country, two systems" principle is pioneering and unprecedented and thus bound to be fraught with challenges during its advancement and face problems that need to be addressed, he said.