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An office official stressed that releasing the security review rules is not a protectionist move or refusal to further open up. Instead, it accords with China's commitment to opening-up on all fronts and aims at strengthening the security mechanism for opening-up.

An equity-based crowdfunding pilot will be studied, to mainly support small-sized enterprises, also as a way to further develop a multi-tiered capital market, according to Jiang, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference.

An amendment to the CPPCC charter will be put under deliberation and adopted at the session, Wang said.

An employee works on the production line of an automobile company in Taizhou, Jiangsu province. [Photo by Tang Dehong/For China Daily]

An internal analysis by the European Commission showed that if zero tariff on industrial goods comes true, EU exports of goods to the US would increase by 10 percent and US exports to the EU would increase by 13 percent.