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China plans to increase its service-sector imports over the next five years in a bid to satisfy ever-increasing domestic demand and contribute more to global trade, according to a government report issued on Tuesday.

China plans to reduce steel capacity by 100 million to 150 million tons during 2016 to 2020.

China launched multiple policy measures to ensure steady consumption growth in the third quarter. These measures will help remove the barriers for consumption and hopefully encourage residents to purchase more products, especially in rural areas, and also encourage green and intelligent information consumption in the fourth quarter, she said.

China joined the group together with Hong Kong -- later called China's Hong Kong -- and Chinese Taipei in 1991 because APEC recognizes the "one-China" principle and respects the differences between sovereign states and regional economies.

China registered a year-on-year GDP growth of 6.8 percent in the third quarter, with combined growth in the first nine months coming in at 6.9 percent. Analysts forecast that the economy could slightly weaken in the last quarter of this year, but will probably maintain a stable growth momentum.