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China will maintain its tough stance on regulating speculative behavior in the real estate sector, and there will be no moves taken to expand the financing channels for real estate enterprises, according to the nation's top economic regulator.

China will keep streamlining administration approvals and reducing red tape to improve its business environment, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China's biggest online shopping platform, Taobao, which is owned by Alibaba, removed all Rockets-related products from its e-commerce outlets on Monday afternoon.

China's central bank announced on Sunday it is cutting the cash required to be held in reserve in commercial banks by one-half percentage point starting July 5, a measure designed to make it easier to lend to small and microsized companies.

China will facilitate all countries in their participation and give more preferences to developing countries and the LDCs and welcome active participation by WTO members, said Zhong.