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China will allow foreign-funded institutions to conduct credit rating business with all kinds of bonds in China's inter-bank and exchange bond market, according to a statement of the office posted on the website of the central bank on Saturday.

China remained the largest target of trade remedy measures in 2017, even though the number of cases and value involved declined because of a higher comparative base in 2016, the improving global economy and the fight against protectionism, according to data released by the Ministry of Commerce.

China overtook the United States in 2015 as the world's largest market for new energy cars. Now, the country has at least 1.6 million such vehicles on the roads.

China will continue to pursue two-way opening-up and investment, develop an open world economy and ensure the smooth flow of global industry and supply chains, he said.

China will also carry out phased evaluations of the business environment across the country and offer further incentives for better performers. The 28 steps to improve the business environment that have worked well in some regions will be disseminated to encourage competition in the quality of business environment across the country.