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China is now the world's largest aircraft market by sales volume. The country imported 60 billion yuan (.52 billion) of Boeing's products and accounted for 26 percent of Boeing's global production, said Lin Zhijie, an aviation industry analyst and columnist at Carnoc－China's largest civil aviation web portal.

China has taken concrete steps in market-oriented reforms in line with WTO rules, said Zhou Xiaochuan, former governor of the People's Bank of China, the central bank, on Wednesday.

China is expected to release a guideline to boost imports for the near term in its effort to achieve import-export balance in development, Economic Daily reported Wednesday, citing an official from the Ministry of Commerce.

China is to introduce new policies on recycling scrapped motor vehicles, which is expected to stimulate the consumption of new and second-hand cars.

China is already one of the world's largest markets for high-tech products such as industrial robots, chips and machine tools. The CIIE is expected to give new impetus to the country's economic upgrading and make its market more accessible than ever.