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China's granting export quotas for refined oil products to non-State-owned refineries in the Zhejiang Pilot Free Trade Zone will ease the country's domestic oversupply of petroleum products, while sharpening the competitive edge of local refiners, said insiders.

China's further opening up is providing win-win benefits. Further opening up will help improve the efficiency of capital allocation and can reduce financial risks in China's economy, and ultimately help build a more stable and sustainable economic and financial system. In a broader context, China's long-term growth will also benefit other nations, particularly with regard to overseas investors who seek to achieve long-term returns and manage short-term risks.

China's economy continued to recover in May from the shocks generated by the COVID-19 epidemic as major economic indicators showed improvement, the National Bureau of Statistics said on Monday.

China's comprehensive supply chain, sound infrastructure and opening-up efforts are compelling more foreign companies to stay and invest long-term in the market, according to a seasoned executive from global professional service company Tricor Group.

China's investments in the overseas auto industry have totaled more than billion since 2008, according to the report. In the United States, Chinese companies now are hiring thousands of workers and manufacturing products from auto glasses to luxury cars.