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China announced revised regulations on Friday to implement the new version of the Budget Law, which will take effect on Oct 1. The move underscores the authorities' goals of tightening budget management and curbing risks in local government debt, according to the Ministry of Finance.

China has long opened its door to the outside world for foreign diplomatic envoys, United Nations officials, Geneva-based senior diplomats of various countries, as well as those from political parties, civil society organizations, the news media, and religious organizations to visit Xinjiang, the delegation said.

China established its first pilot free trade zone in Shanghai in 2013. In April of last year, the central government announced plans to transform the entire Hainan Island into the country’s 12th FTZ, covering 35,400 square kilometers, an area 32 times the size of Hong Kong.

China has been known as the world's factory, the largest exporter of goods and a major buyer of resources and commodities in the international market. Now the country is preparing itself for major shifts in global trade. It's poised to pursue a more balanced growth by boosting trade in services with the rest of the world.

China has been a leading force in applying artificial intelligence, robotics, drones and other cutting-edge technologies in different scenarios.