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China has never adopted a unilateral protectionist policy in trade; instead, it welcomes more quality goods from Australia entering the Chinese market, Wang said, adding that he hopes Australia will provide a more open and fair environment for Chinese investment.

China has become a leading actor in world economy and politics, and therefore China's priorities and policies are of global significance, she said.

China has created 11 free trade zones where foreign firms can escape red tape when applying for registration. It is shortening the list of sectors that are off-limits to foreign investors, as with reducing market entry restrictions for industries such as transport and financial services.

China did not immediately use the latest United States interest rate cut as an opportunity to ease domestic monetary policy as the current rate level is adequate and liquidity ample following a recent injection of funds, analysts said.

China has launched a two-year campaign to make the building of urban infrastructure and homes safer, the top urban planning authority said on Wednesday.