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China has stepped up efforts to combat unauthorized and unregulated online loans usually charged at exorbitant rates of interest, which have resulted in some borrowers breaking the law to repay them.

China is the rotating chair country of the BRICS group this year. The BRICS summit will be held in the coastal city of Xiamen, Fujian province, on Sept 3 to 5.

China is facing growing intellectual property risks as China is quickening its overseas expansion, experts said on a forum on Friday.

China is not alone in proposing such guidelines. Last July, the United Kingdom planned to make CPR training and first aid compulsory courses in schools from 2020, according to a British government announcement.

China has unveiled a shortened negative list for market access of foreign investment, removing restrictions on a wide range of sectors. Restrictions on the ownership by foreign investors in entities such as securities firms, fund management companies and futures companies will be relaxed to 51 percent this year and is set to rise to 100 percent by 2021.