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China has been developing its commodity derivatives market and plans to gradually open it up to foreign investors.

China has developed an increasing appetite for oil and gas as its economy grows, but because many of its easily exploitable resources have already been detected and tapped, it takes greater investment and involves greater risks to discover and tap the remaining resources, she said.

China does not seek trade surplus and has a genuine desire to increase import and achieve greater balance of international payments under the current account, President Xi Jinping said in his speech at the Boao Forum for Asia this year.

China has outperformed other economies to become the largest manufacturing powerhouse in the world for 10 consecutive years, thanks to the impressive strides in technology innovation and industrial upgrade, regulators and experts said on Friday.

China celebrates its National Day on Oct 1, which coincided with the traditional Mid-Autumn Festival this year, thus extending the National Day holiday to eight days until Oct 8.