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China will further streamline the management authority of State-owned financial capital (SOFC), a move to preserve and increase its value while maintaining financial security and stability, officials and industry experts said.

China's achievements are made possible through the strong leadership of the Communist Party of China, the development path that suits the country's national condition, and the hard efforts of the Chinese people.

China will never seek its development at the cost of sacrificing other nations' interests, and its development will pose no threat to any other country, President Xi Jinping said on Tuesday.

China will not set a binding growth target in the development plan of the Guangdong-Hong Kong-Macao Greater Bay Area, which will be released early this year, but will use a number of indexes to measure key fields such as innovation and trade, according to a former vice-minister of the nation's top economic regulator.

China will further reduce agreement tariff rates applied on some import goods originating in several countries and regions, including New Zealand, Peru and South Korea, in accordance with China's free trade agreements. The agreement rates under the Asia Pacific Trade Agreement will be applied to some import goods originating in Mongolia starting Jan 1. On the same date, the bilateral free trade agreement between China and Mauritius will also take effect, according to the Ministry of Finance.