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China will step up guidance and oversight for Chinese enterprises that have gone global and bring standards to their investments and operations, he said. Chinese enterprises will also be guided to abide by local laws, regulations and international practices, he added.

China will take firm steps to expand opening up and promote an open world economy despite globalization and multilateralism being threatened, said China's Vice-Minister of Commerce Wang Shouwen on Thursday.

China will do whatever is necessary to stabilize foreign trade and secure supply and industrial chains in the second half of this year amid a world business environment that remains complicated and challenging for companies, the country's top commerce official said.

China would further deepen reform, open wider, improve its trade and investment environment, and release its market charm, he said, calling on business leaders and experts from the two countries to build consensus and promote the stable and healthy development of China-US economic and trade relations.

China will step up its efforts this year to expand overseas companies' access to the country's telecom and internet market, with more businesses open to overseas capital, amid the ongoing push to further drive forward opening-up, analysts said.