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China will steadily promote opening up in the capital account, support interconnectivity and two-way opening up of the financial market and boost the liberalization, facilitation and high-quality development of trade and investment, the top forex regulator said at a work conference for 2020.

China will stick to its prudent monetary policy, strengthen financial regulatory coordination, improve its ability to handle risks, better guide the financial system to serve the real economy and safeguard national financial security, the report said.

China's Hongqi joined hands with Baidu in 2018. Powered by its Apollo system, Hongqi cars capable of Level 4 autonomous driving will be tested in cities including Beijing and Changchun, Jilin province, later this year.

China will cut tariffs on consumer goods and enhance bank financing to boost imports and ensure more stable economic growth, senior commerce officials said on Thursday.

China will significantly broaden market access, create a more attractive investment environment, strengthen protection of intellectual property rights, and take the initiative to expand imports, Xi announced in his speech at the BFA gathering in the southern island province of Hainan.