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China will ramp up resources to develop core technologies such as artificial intelligence chips and sensors, as part of its broader push to integrate AI into the manufacturing sector, the nation's top industry regulator said on Thursday.

China will soon slash tariffs on imported consumer goods including pharmaceuticals and introduce easier access to imported advanced technology and key machinery parts, according to government sources.

China will endeavor to adopt world-leading energy technologies and invest more in research and development for the upgrade of the energy industry, Liu said.

China will stimulate the launch of businesses and innovate with deepened reforms to streamline administration, delegate powers and improve regulations and services.

China will highlight rural areas as the focus of inclusive finance to improve financial institutions' ability to serve agro-related business and the efficiency of regulatory approval, said the country's top banking regulator.