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China welcomes Norway and other European countries to actively participate in its latest round of opening-up and development, State Councilor and Foreign Minister Wang Yi said on Thursday, pointing out that China is committed to further opening-up.

China should make good use of the experience from progress made in the institutional reform of the central and state organs since the third plenary session of the 19th CPC Central Committee and carefully plan local institutional reform, Xi said.

China will continue to restructure its centrally administered State-owned enterprises to serve the needs of national strategies and the real economy in the second half of this year, said a senior official from the country's top State assets regulator on Tuesday.

China paid about .6 billion to overseas IP holders in 2017 after experiencing an average annual increase of 17 percent in such expenses since 2001, Li said. The improved legal system for IP protection and firm enforcement also have stimulated enthusiasm for innovation among enterprises and the public, he said.

China should take cautious steps to promote financial innovation amid efforts to promote opening up in Hainan province, according to law experts.