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China put forward the "dual circulation" development pattern in May. Domestic circulation, or the internal cycle of production, distribution and consumption, is expected to be the mainstay of economic development while it is integrated with "international circulation" to promote the smooth two-way flow of goods and capital.

China plans to build Hainan into an international tourism and consumption center by 2025 and a globally influential tourism and consumption destination by 2035.

China started to pilot the negative-list approach in 2016 in the country's four provincial regions with free trade zones. The pilot practice was extended to another 11 provincial regions in 2017.

China supports domestic companies in purchasing a certain amount of US farm produce in line with the rules of the market and the World Trade Organization, according to sources with the National Development and Reform Commission and the Ministry of Commerce.

China will be a primary driving force for the large-scale commercial use of 5G in 2020, which will offer a good opportunity for Ericsson AB to expand businesses in the highly competitive market, said Borje Ekholm, CEO of the Swedish telecom equipment maker.