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China's derivatives market is expected to embrace a big round of opening-up this year as the country's policymakers aim to facilitate high-quality development by encouraging greater participation of foreign investors and drawing more long-term institutional capital into the Chinese financial industry.

China's first-ever guideline that advocates entrepreneurial spirit and creates a favorable environment for entrepreneurs will play a vital role in driving the ongoing supply-side structural reform to further boost innovation, experts said.

China's economic development has transformed from the phase of high growth speeds underpinned by high inputs of resources into a new phase that features a slower growth but improvements in the quality and efficiency of growth, according to him.

China's economy continued to recover in August from the damages caused by the COVID-19 pandemic as key economic data pointed to a stabilizing trend, the National Bureau of Statistics said on Tuesday.

China's foreign exchange reserves rose to a six-month high of nearly .11 trillion by the end of December, supported by stronger exports and stable capital inflows amid the financial opening up , according to data released by the foreign exchange regulator on Tuesday.