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China's role as a global producer and supply chain heavyweight has been reflected in many examples like the Piraeus Port, representing win-win cooperation under the Belt and Road Initiative (BRI).

Chinese Premier Li Keqiang makes an inspection tour to the General Administration of Customs in Beijing, capital of China, May 21, 2018. [Photo/Xinhua]

China's top financial regulators have warned about risks in complicated financial products and banks' off-balance sheet business, in a bid to prevent cross-market risk contagion, according to senior officials on Thursday.

China's tax authority made remarkable progress last year in its reform efforts, achieving positive changes in tax system structure, technology and the administrative culture, according to a report jointly issued by the World Bank Group and PwC.

China, for example, has temporarily waived social security contributions for businesses, she said in the post.