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China will further enhance governance capacity, improve socialist democracy and the rule of law, and demonstrate social fairness and justice. The national administrative system will be perfected, the role of the government will be better played, and the administrative efficiency and credibility will be significantly strengthened.

China will pay close attention to the impact caused by US tariffs and help both domestic and foreign companies overcome difficulties. China has the confidence, ability and solutions to maintain steady economic growth, said Gao Feng, a spokesman for the ministry.  

China's Ministry of Finance (MOF) on Wednesday said that a credit downgrade by Moody's was based on "inappropriate methodology", and has somewhat exaggerated the difficulties the Chinese economy is facing.

China will roll out its reform of decoupling business licenses from operating permits on all 523 items concerning business operations subject to central government approval starting Dec 1 in pilot free trade zones nationwide.

China will hold the first International Import Expo in November. Next year, it will host the second Belt and Road Forum for International Cooperation.