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China's new "dual-circulation" development pattern marks a major move for development for the coming years and is expected to be enshrined into the framework of the upcoming 14th Five-Year Plan (2021-25), said economists and experts.

China's development corresponds with the irresistible trend of the times, and it is of crucial importance for world peace and development, he said.

China's foreign trade with the Association of Southeast Asian Nations, its largest trading partner, jumped 6.6 percent year-on-year to 2.51 trillion yuan during the seven-month period, while its trade volume with the European Union grew 0.1 percent on a yearly basis to 2.41 trillion yuan.

China's graft buster released an update on Wednesday on the possible whereabouts of the country's 50 most wanted corruption fugitives in other countries and regions and called for public participation in repatriating economic criminals.

China's efforts to advance the broad trade deal across the Asia-Pacific were hailed by APEC Executive Director Alan Bollard.