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China is committed to expanding e-commerce in rural areas to promote agricultural products and increase farmers' incomes, the Ministry of Agriculture and Rural Affairs said.

China is expected to encourage more countries to open up by seeking greater quality in its own opening-up, thus "pushing for and playing a leading role in reforming and perfecting the global governance system", he added.

China is currently the world's fastest growing market for beef consumption. Its beef imports mainly come from Australia, Argentina, Brazil and Uruguay. China's domestic beef market has a 10 percent demand gap that needs to be filled by imports.

China is planning to relax foreign ownership limits in key sectors, including automotive electronics, new energy vehicle batteries and motorcycles, as the country moves to level the playing field for business, a Ministry of Commerce spokesman said on Thursday.

China has yet to fully liberalize its capital account, with programs such as QDII and Qualified Foreign Institutional Investors (QFII) providing financial institutions with quotas for outbound and inbound investment, respectively.