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China will expand the water resource tax pilot program into nine additional provincial-level regions from December, to strengthen the government's management on water resource, preventing waste and pollution, as a measure to push high water-consuming industries to shift growth models, according to the Ministry of Finance on Tuesday.

China will launch the crude oil futures contract at 9 am on March 26 at the Shanghai International Energy Exchange.

China's COSCO Shipping Ports became the major shareholder in Noatum Port Holding in Spain in late 2017, operating important southeastern and northern Spanish ports of Valencia and Bilbao, as well as two railway terminals in Zaragoza and Madrid.

China will enhance international cooperation and expand the global resource allocation capacity of commercial space technologies and products. The nation aims to provide more commercial space services to global users, especially to countries along the Belt and Road. The forum also offers an important platform for international exchange and cooperation in the space industry, Fu said.

China will relax its supervision of outbound investment projects, with attention focusing only on investment in several key industries after tightened measures were implemented last year.