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China's booming pet clinic industry is boosting demand for veterinary drugs, but a lack of supply and outdated regulations are hampering growth.

China will soon issue a negative list, which states the sectors and businesses that are off limits to foreign investment. The list has been tested in pilot free-trade zones.

China's GDP expanded 6.8 percent year-on-year in the third quarter, compared with 6.9 percent in the second quarter.

China will support innovation of financial instruments to further expand channels for capital replenishment at commercial banks, looking to ease lenders' capital pressure and improve their ability to serve the real economy.

China will shorten the time required for reviewing applications of high-value patents and for trademark registrations as part of its effort to strengthen the protection of intellectual property rights and improve the business climate, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Wednesday.