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China and Cambodia should speed up connecting the Belt and Road Initiative with Cambodia's development strategy, President Xi Jinping said on Monday.

China accelerated the internationalization of the yuan a decade ago. A milestone of the process was achieved in 2016, when the currency joined the International Monetary Fund's basket of Special Drawing Rights. After that, the yuan internationalization slowed, as the exchange rate policy shifted to stabilize market expectations when the yuan was facing depreciation pressures.

China aims to fully open up its manufacturing industry, according to the NDRC.

China also lacks an adequate number of top-tier actuaries in the commercial insurance fields, Huang said, advocating colleges and universities enhance training in such areas.

China and Kazakhstan have agreed to develop more international freight train services, starting from China and going via Kazakhstan to Central Asia, Europe and Gulf countries, making rail freight a major solution to trade between Asia and Europe by 2025.