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China's top securities regulator said it has given the green light to the trading of liquefied petroleum gas futures and options. [Photo/Sipa]

China-Europe freight rail service has hit a monthly record high in April as it plays a bigger role in maintaining the global supply chain amid the novel coronavirus pandemic, according to the country's top railway operator on Saturday.

China's private businesses reported faster trade growth in the first seven months, with the trade volume increasing 11.8 percent to 7.31 trillion yuan. The amount accounted for 42 percent of the total trade volume in the period, up 2.9 percentage points year-on-year.

China's top leaders have reiterated the nation's willingness and commitment to open even wider its door for imports and foreign investment, said Luo, adding that Premier Li Keqiang announced at the recent annual session of the 13th National People's Congress that China will fully open the manufacturing sector to international competitors and cut tariffs on imported goods, including cancer drugs.

China's service outsourcing industry continues its rapid growth. According to the Ministry of Commerce, the value of enterprises' service outsourcing contracts amounted to 1.32 trillion yuan (1 billion) last year, an increase of 8.6 percent year-on-year.