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China launched the crude oil futures trading, which is open to overseas investment, in March 2018. 

China will also ease entry into such fields as insurance, banking, securities, fund management and futures and financial asset management, and will further simplify procedures for doing business for foreign businesses, the premier added. The foreign investment approval system will give way to negative list management, he said.

China will continue to shoulder its duty as a responsible big nation and has carried out “sacred missions” given by the UN to protect civilians, supervise human rights, provide humanitarian aid and create favorable conditions for lasting peace, Yang said.

China welcomes such a "clear-cut" decision, Foreign Ministry spokesman Lu Kang said at a daily news conference.

China will accelerate efforts to develop advanced manufacturing and strengthen its innovation and competitiveness, while renovating and upgrading traditional industries, said Miao Wei, minister of industry and information technology.