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China will simplify and reduce administrative approval procedures related to customs declaration and clearance, and speed up the establishment of a framework for relevant laws and regulations.

China will step up its push to expand its 5G network coverage, build a dynamic industrial ecosystem and strengthen international cooperation, so as to quicken the commercialization of the superfast wireless technology, officials and experts said.

China will shift its focus to reduce "relative poverty" after achieving the goal of eliminating absolute poverty this year, according to a poverty expert.

China will release a series of economic data Monday, including GDP, fixed asset investment, industrial production and retail sales, for the second quarter and the first half.

China's banking and insurance regulator urged relevant financial institutions to take multiple measures to dispose of and mitigate the risk of banks' nonperforming assets, in addition to classifying bank loans strictly according to their inherent risks as "pass, special-mention, substandard, doubtful and loss" to truly reflect their risk level, Xiao Yuanqi, chief risk officer and spokesperson of the China Banking and Insurance Regulatory Commission, said at a news conference on Oct 21.