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China voiced concerns about a possible escalation of tension in the region.

China will continue to accelerate development of free trade zones with more incentive policies to encourage foreign investment this year, in a bid to promote high-level opening-up, according to the Ministry of Commerce.

China will continue to enhance media cooperation with countries and regions participating in the Belt and Road Initiative, the president of the All-China Journalists Association said on Wednesday.

China should contain the overall leverage ratio and raise the financial sector’s capability of serving the real economy to prevent and defuse major risks, the meeting urged.

China started to impose anti-dumping duties on imported alloy-steel seamless pipes for high temperature and pressure from the United States and the European Union in 2014. In June last year, the commerce ministry adjusted anti-dumping duty rates for producers of such products from these regions.