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Chinese President Xi Jinping, in a video speech at the China International Import Expo (CIIE) in Shanghai on Wednesday, called on all countries to safeguard the multilateral trading system, improve the rules of global economic governance, and build an open world economy.

China's top securities regulator on Friday removed the profitability requirement for two consecutive years for companies that seek to float shares on the startup ChiNext board on the Shenzhen Stock Exchange. The China Securities Regulatory Commission said at a news conference in Beijing it is revising refinancing rules for listed companies and is soliciting public opinion on the draft revision.The goal is to further simplify procedures for listed companies to raise funds, improve the arrangement for private placement and support companies to introduce strategic investors, according to Chang Depeng, a CSRC spokesman.

China's rapidly growing online education sector, which witnessed a flurry of fundraisings recently, is walking a tightrope on making profits and meeting the huge marketing costs needed for expansion, industry experts said.

China-Australia trade increased from A.1 billion in 2004 to A9 billion last year, according to Fu.

China's west regions shone in the economic development from Jan-June as the top three spots with fastest GDP growth was seized by Guizhou, Tibet and Yunnan, respectively.