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China's former vice-foreign minister Fu Ying said that "it has entered a new era, full of changes and adjustments in terms of both international situation and the relationship between China and the world".

China's cultural and tourism departments at all levels will continue to expand the industrial scale, promote international cultural and tourism exchanges and cooperation, and provide more opportunities for all countries, he added.

China's foreign trade volume totaled 11.54 trillion yuan (.63 trillion) in the first five months of this year, down 4.9 percent year-on-year, according to data released by the General Administration of Customs on Sunday. The decline was the same as that in the January-April period, the administration said.

China's futures market has been developing steadily amid reforms, but still needed to enhance its capabilities and market tools, Fang said. Trading of quite a few products had not been active in recent months, and wildly volatile prices could affect the risk management of companies, Fang said.

China's new development paradigm emphasizes both domestic and international circulations, rather than a closed internal loop, Han Wenxiu, deputy head of the office of the Central Commission for Financial and Economic Affairs said, on Friday.