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As the treasury bonds issued in 2007 will mature on Aug 29, the MOF will issue another 600 billion yuan to banks, including 400 billion yuan of seven-year bonds and 200 billion yuan of 10-year bonds, with market-based yields, the MOF said in a statement.

As the Party's 19th National Congress is set to open on Wednesday, the world is watching closely on how China moves toward its two centenary goals. The congress comes when China's endeavor to build a moderately prosperous society in all aspects has entered the decisive stage.

As two of the world's major economies, China and Japan should make further efforts to safeguard the multilateral trading system and free trade by fighting against rising protectionism, Li said.

As such, the inaugural China International Import Expo, which is scheduled to take place in Shanghai in November, will offer the city another boost in building itself into a world-class shopping hub, Shang said. The expo is expected to attract thousands of importers from across the world and around 150,000 buyers from within the country.

As the world's largest 5G and smartphone market, China has already made constant progress in telecommunication and electronics industries. A string of US tech companies, including Qualcomm and Apple, heavily rely on China market for revenue and supply chains.