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China's top antitrust authority will continue treating foreign and domestic companies equally, as it is on the way to completing a sweeping institutional reform, senior officials said on Friday.

China's top leadership vowed to pursue high-quality development at the 19th CPC National Congress last year. To that end, China will tolerate a moderately lower growth rate this year to focus on reform and financial regulation, Liu said. "It will continue to control shadow banking, cut corporate debt levels and tighten financing of local governments."

Chinese Foreign Ministry spokeswoman Hua Chunying introduces more about pushing back the return of Xiang Xiang during a regular news conference in Beijing on Dec 11, 2020. [Photo/fmprc.gov.cn]

China's stock market in 2017 was much steadier compared with a year earlier. Only three trading days registered changes beyond 2 percent last year, and the fluctuation ratio of the benchmark Shanghai Composite Index recorded a historic low of 13.98 percent, according to the China Securities Regulatory Commission.

China's vacation rental and homestay market, which clocked sales of 19.1 billion yuan (.8 billion) in 2018, is expected to surge this year, thanks to the wanderlust of fast-growing middle-and high-income groups, supportive policies, and increasing popularity of homestays.