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The debt-to-asset ratio of the SOEs went down 0.2 percentage points to 64.3 percent, according to the MOF.

It is widely held that China has been trying to achieve universal benefits through positive interactions with other countries instead of pursuing selfishness or playing a zero-sum game, said Wang.

The country will secure the fiscal investment for compulsory education and motivate schools with higher education quality to help ordinary schools to achieve balanced compulsory education, according to the guideline.

In its latest step in self-reform, the CPC launched an education campaign themed "staying true to our founding mission" throughout the Party in June.

"Maintaining multilateralism and free trade is the common responsibility of the international community. Unilateralism and trade protectionism are not in line with the world trend," said Li, adding that unilateral withdrawal and unilateral sanctions will not only harm other countries but also harm the interests of the countries which take the moves.