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China will continue to refine the value-added tax reform pilot program to enable further economic transformation and upgrades, a State Council executive meeting chaired by Premier Li Keqiang decided on Friday.

China promotes open, inclusive, cooperative, and win-win international cooperation to facilitate better 5G development, Zhang added.

China stands ready to work with Indonesia to uphold the international system with the United Nations at its core, advance the improvement of global governance, safeguard international fairness and justice and promote the building of a community with a shared future for mankind, President Xi Jinping said on Monday.

China will also set up the world's largest database of financial credit information and it will be a key component of the national social credit system. The government will allow market-based credit information service institutions to collect business and personal credit information, and such collection will not be restricted to bank lending data, said Chen.

China sees guarding against systemic financial risks as the eternal theme of financial work, announcing it will set up a committee under the State Council to oversee financial stability and development during the National Financial Work Conference that wrapped up on Saturday.