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China is to update its foreigner visa, group visa and residence permit from June 1, the National Immigration Administration announced Friday.

China has strengthened financial regulation to prevent risky and irregular financial activities from incurring systemic financial risks, leading to credit contraction that has affected the corporate sector's access to bank loans.

China hopes to work with Italy to strengthen our comprehensive strategic partnership. Our two countries may plan more high-level exchanges and cooperation between our governments, parliaments, political parties and subnational entities, strengthen policy communication, enhance strategic trust and synergy, and continue to give understanding and support to each other on issues of core interests and major concerns, so as to consolidate the political foundation of our relations.

China is in the middle of a painful downsizing in its steel sector. Since supply-side structural reform was proposed at the end of 2015, capacity cutting has been in full swing.

China has vowed to strengthen the development of a new type of urbanization this year, with measures to support the installation of elevators in residential buildings and the development of meal, cleaning and other community services, according to this year's government work report.