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China will issue an additional set of policies to further cut 400 billion yuan (.8 billion) of tax this year, following Wednesday's announcement of value-added tax reform, officials from the Ministry of Finance said on Friday.

China will further relax market access, shorten the negative list and build high level opening-up platforms, especially in its pilot free trade zones, to put foreign direct investment growth and exports on a firmer footing, a senior official said on Monday.

China's banking regulator in late May also ordered banks not to channel funds into developers via the shadow banking sector.

China's Jiangsu province has approved 24 offshore wind power projects with a total capacity of 6.7 GW in January, with total investment of 122.29 billion yuan ( billion).

China would have only a 6-percent weight in the MSCI ACWI Index upon full inclusion, based on pro forma data as of April 2019.However, despite China's low weight in the global index, carving out China completely would have reduced the sustainable growth rate of the benchmark index by about 13 basis points in this hypothetical example.