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China will intensify domestic efforts for the Regional Comprehensive Economic Partnership to take effect and get implemented, to uphold free trade and expand win-win cooperation, the State Council executive meeting chaired by Premier Li Keqiang decided on Tuesday.

China will ratchet up its push to promote the application of cutting-edge technologies, including virtual reality, in a wide range of sectors as part of its broader efforts to seek high-quality growth, President Xi Jinping said on Friday.

China's ODI has seen rapid growth in recent years. However, noting an "irrational tendency" in outbound investment, Chinese authorities have set stricter rules and advised companies to make investment decisions more carefully.

China will speed up property tax legislation and aims to fully implement law-based taxation reform by 2020, a spokesperson for the annual session of China's top legislature said on Sunday.

China will implement its proactive fiscal policy with larger tax cuts this year, and more effective measures will be unveiled in the coming months, officials said. The aim is to strengthen economic growth and deepen supply-side structural reform, according to the policy tone-setting annual Central Economic Work Conference held in December.