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China's non-financial outbound direct investment (ODI) dropped 0.6 percent year-on-year to 169.03 billion yuan (.22 billion) in the first quarter of 2020, the Ministry of Commerce announced on Tuesday.

China's northern port city of Tianjin saw year-on-year gross domestic product growth of 4.6 percent during the first three quarters of the year, sustaining a momentum to reverse the recent downward glide of its GDP.

China's new economic development strategy requires the government to improve fiscal policy, promote tax reform, make government spending more efficient and prevent financial risks, according to a senior finance expert.

China's opening-up policy has served as a lifeline for Hainan's economy and a driver of the island province's rapid development over the past three decades. It is also the primary strategy for building a free trade zone and free trade port.

China's commitment to combat pollution, and create more ecological and friendly living spaces for its citizens also encouraged Britain's urban planning and architecture companies.