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China will cut the share of enterprise contributions to urban workers' basic aged-care insurance from 20 to 16 percent starting May 1, the State Council announced Thursday.

China's ambassador to the United States Cui Tiankai said that he hoped the meeting between Chinese President Xi Jinping and US President Donald Trump will enable both sides to make further progress on the trade and other issues.

China's Nasdaq-style STAR Market in Shanghai needs to enact more reforms to become the top listing destination for tech firms and be a key participant in the country's capital market reforms, participants at the two sessions said on Wednesday.

China will speed up the opening of sectors including telecommunications, education and healthcare as part of broader efforts to further expand reform, Vice-Premier Han Zheng said on Sunday in Beijing.

China's Spring Festival travel rush－the world's biggest annual human migration－will soon kick off and is set to be bigger than ever, with about 3 billion trips expected to be made, according to the country's top economic planner.