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China unveiled a new regulation on Wednesday to further optimize its business environment amid ongoing efforts to continue opening up its economy, spur market vitality and foster high-quality development.

China released a national guideline on road tests for self-driving vehicles on Thursday, as part of a broader drive to accelerate the development of the technology and gain the advantage in commercializing such vehicles.

China launched its reform and opening-up policy in 1978. From 1979 to 2012, the Chinese economy grew at an average annual rate of 9.8 percent while global growth averaged 2.8 percent in the same period.

China will continue to pursue a proactive fiscal policy and a prudent monetary policy, while encouraging deleveraging and preventing potential risks, according to Zhou, who warned that shadow banking and housing market bubbles could increase vulnerability.

China plans to increase its percentage of gas in primary energy consumption to a range of 8.3 to 10 percent in 2020, from 5.9 percent in 2015. To achieve the target, China will rely more on gas imports, Wang said.