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China launched the crude oil futures trading, which is open to overseas investment, in March 2018. 

China remains committed to the underlying principle of making progress while keeping performance stable, firmly implementing new development concepts, adapting to and steering the economic "New Normal", and focuses on supply-side structural reforms, while moderately increasing aggregate demand and improving the expectation management. China has further implemented the innovation-driven strategy, boosted market vitality and social creativity by streamlining administration, delegating powers, strengthening regulation and improving services, and facilitated the transition to new growth engines from traditional ones by promoting mass entrepreneurship and innovation. With these efforts, China has achieved a steady and improved growth, which was not easy. In the first half of 2017, China's GDP grew at 6.9%, which was within a reasonable range, major indicators outperformed forecasts, including faster growth in fiscal revenue, enterprise profits and household income, and the RMB exchange rate maintained at a stable level. The economic structure further adjusted and improved, as manifested through greater contribution by consumption to the growth, rapid adjustment of industrial structure, ongoing and orderly reduction of excess and backward capacity. As many as 16,000 new enterprises were registered on an average day, over 13 million new urban jobs were generated annually in the past few years. The threshold for foreign investment has been reduced further, and the investment and market environment has been improved. We believe that with the supply-side structural reforms further deepened and more policy measures implemented, the Chinese economy is on track to achieve a higher quality, more efficient, more equitable, and more sustainable growth, and will continue to contribute to the global economic growth.

China rolled out a plan in 2015 for the coordinated development of Beijing, Tianjin and Hebei. Progress has been made in many fields including environmental protection, public services and transport.

China passed its first regulation on the qualifications and classifications needed for hotel ratings in 1988 after opening up to the world and receiving an increasing number of overseas tourists. The regulation has been updated and adjusted several times, the most recent being in 2011.

China is willing to work with ASEAN countries including Brunei to maintain peace and stability on the South China Sea, and hopes Brunei will go on playing a positive role in the development of China-ASEAN ties, Wang said.