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China proposed the alliance, in which it is represented by 21 businesses, six associations, one research institute and one media organization.

China on Wednesday announced a new, shortened version of the nationwide negative list for market access, a move that is expected to further improve the level of openness and build a transparent, efficient and fair business environment in the country, experts said.

China will allow foreign-funded institutions to conduct credit rating business with all kinds of bonds in China's inter-bank and exchange bond market, according to a statement of the office posted on the website of the central bank on Saturday.

China urged the United States to provide a level playing field for Chinese enterprises investing there and to loosen restrictions on high-tech products being sold to China, Premier Li Keqiang said on Monday.

China remains a magnet for foreign investment despite the COVID-19 pandemic, and one of Shell's key markets. So, the company will focus on providing fuels, lubricants and petrochemicals, he said.