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China's air travel passenger traffic is expected to grow at 6 percent annually in the next 20 years, higher than Southeast Asia, Europe and North America, the US aircraft manufacturer announced in its latest forecast in Beijing on Tuesday.

China will reduce tariffs on a wide range of industrial products and raw materials beginning in November, as the nation ramps up the expansion of imports to further open up its economy, the Ministry of Finance said on Sunday.

China will soon issue commercial licenses for 5G, as the country has established an edge in the superfast wireless technology, both in domestic innovation and international cooperation, the Ministry of Industry and Information Technology said on Monday.

China will further promote business system reform to allow new companies, new products and new inventions to enter the market more rapidly, said Chen Gang, an official of the State Administration for Market Regulation.

China's Ministry of Commerce also described ending trade controls on Chinese solar panels as a successful model of resolving trade frictions through consultations, adding it will restore China-EU trade of solar panels to normal market conditions and provide a more stable and predictable business environment for both industries to realize win-win results.