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China will carry out an evaluation of its business climate by measuring it against international standards, according to a statement issued after the State Council's executive meeting, chaired by Premier Li Keqiang, in Beijing on Wednesday.

China will also build financial platform for industrial cooperation.

China will "take all necessary measures" to resolutely protect its legitimate rights and interests, which might be hampered by the possible US initiation of a Section 301 investigation into the country, said the Ministry of Commerce on Thursday.

China will beef up pragmatic cooperation with Western countries and encourage them to sign bilateral extradition treaties or agreements on mutual assistance in criminal cases to help combat cross-border organized crime activity, including apprehending fugitives and recovering their ill-gotten assets.

China will also create a sound business environment, cut red tape, and improve the protection of personal information and intellectual property, the document said.