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China will create fresh momentum for exports in e-commerce and processing trade, and will actively respond to foreign restrictions in order to stabilize the country's foreign trade growth this year, a customs official said on Tuesday.

China will significantly broaden market access, create a more attractive investment environment, strengthen protection of intellectual property rights, and take the initiative to expand imports, Xi announced in his speech at the BFA gathering in the southern island province of Hainan.

China will establish authoritative, unified and accessible credit records of all market players, based on their social credit codes, to boost government oversight, the State Council decided at an executive meeting last week. According to a statement released after the meeting, the government will step up oversight of the social credit of businesses to ensure fair competition and reduce the cost of market transactions.

China's benchmark prices for spot interbank gold transactions are lower Wednesday. [Photo/Sipa]

China will push forward proactive fiscal policy, especially in the form of further tax cuts, and strengthen government expenditure to ease economic downward pressure amid Sino-American trade tensions, Finance Minister Liu Kun told China Daily in an interview on Thursday.