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China's further financial opening-up may be affected by the wait-and-see mood among global investors amid the China-US trade disputes, said some experts.

China's first national foreign investment law, to be enforced in January 2020, covers the core suggestions of the white paper that are related to the establishment of the modern market mechanism, deepening reforms in administrative institutions, and further opening-up, according to Ono.

China's economic vitality is growing, said a development report on China's new economic momentum, released for the first time by the NBS at the BRICS meeting.

China's corporate debt is equivalent to 160 percent of the country's GDP, said Huang Qifan, deputy head of the National People's Congress Financial and Economic Affairs Committee, in June. That means the scale of debt to be converted would be colossal even if a small proportion of the debt is included in the program.

China's most-wanted graft fugitive, Yang Xiuzhu, who had been on the run for 13 years, stood trial on Friday at a court in Zhejiang province.