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China's after-school tutoring market is expected to double its current revenues within five years, an industry report shows.

China's TMT industries have been a real magnet to global capital over more than a decade, with a lot of internet-based innovations having been supported by dollar-denominated venture capital funds, according to Tian.

China's artificial intelligence industry has ushered in a new age of development as the technology matures and demonstrates real-world applications, said experts at the AI forum held at the sixth World Internet Conference, or Wuzhen Summit, on Monday.

China will phase in opening up of bank card clearing, remove restrictions on the operation scope of insurance agencies, and ease or cancel limits on foreign holdings in companies in banking, securities, funds, futures, and financial asset management.

China will support and safeguard multilateral trade and advocate facilitated investment and liberal trade against the backdrop of the complicated and changing international context, Li said. He added that China will press ahead with reform and open its door even wider, and lend more efforts to maintaining steady and improving economic growth.