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China will develop fair, high-quality education by promoting the integrated development of urban and rural compulsory education, significantly reducing the rural drop-out rate, moving faster to put an end to big class sizes in urban schools, and addressing the problem of heavy extracurricular burdens on primary and secondary school students, Li said.

China's Huawei Technologies Co Ltd suffered a major setback on Tuesday when its US partner AT&T Inc reportedly dropped a deal to sell the company's smartphones at the last minute under political pressure from US lawmakers.

China's A-share market is scheduled to be included in the MSCI emerging markets index in June. As estimated by China International Capital Corporation Limited, it is expected to bring in a capital inflow valued between billion and billion this year.

China's bond market has a particular role to play in the country's greater financial integration into the global economy. [Photo/IC]

China's State-owned enterprises saw a 23.1 percent increase in profits year-on-year from January to July, the Ministry of Finance said in a statement on Thursday.