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China's FTZs, which have expanded from the first in Shanghai to the current 11 across the country, are a way of testing new policies, including interest rate liberalization and fewer investment restrictions, to better integrate the economy with international practices.

China will step up guidance and oversight for Chinese enterprises that have gone global and bring standards to their investments and operations, he said. Chinese enterprises will also be guided to abide by local laws, regulations and international practices, he added.

China will provide more conveniences and further streamline registration procedures to investment projects that are neither sensitive nor restrictive, according to the report.

China will see faster debt growth this year as credit is expanding aggressively to support economic recovery, but the overall leverage ratio will likely be within a certain range to prevent long-term systemic risks, officials from the People's Bank of China, the central bank, said on Friday.

China's Image and Global Communications High-end Forum is held at Shanghai International Studies University, June 3, 2017. [Provided to chinadaily.com.cn]