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China on Monday unveiled the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area.

China supports peaceful settlement of disputes over territory and maritime rights and interests in line with such treaties as the UN Charter and the UNCLOS and general international law, and strives to reinforce cooperation with the Arctic States in maritime and air search and rescue, maritime early warning, emergency response, and information sharing.

China plans to cut annual corporate costs by 120 billion yuan (.48 billion) through measures such as lowering logistics costs and cutting business fees, according to a statement released following a State Council executive meeting presided over by Premier Li Keqiang.

China will actively promote international cooperation through BRI to achieve policy, infrastructure, trade, financial and people-to-people connectivity, the ambassador said.

China unveiled its first nationwide regulations for car-hailing services in July, granting them legal status.