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China will launch a science and technology innovation board at the Shanghai Stock Exchange, which will adopt a registration-based system.

China will stay committed to advancing reform. Reform is the fundamental driver of China's development. China will only speed up its market-oriented reforms. We will not slow down the pace of reform, let alone turn back. The Chinese government will continue to streamline administrative approval procedures, provide more efficient services, and slash the time required to start a business, get a permit or go through customs clearance. We will introduce tax cuts on a bigger scale and meaningfully lower fees, including the social security contribution rate. The reform to transform state-owned enterprises (SOEs) into standard companies and joint-stock companies has been basically completed. China's SOEs, many of which are publicly listed, run their operations in an open and transparent manner. It is entirely up to them to make their own business decisions, and they are responsible for any profits or losses. They do not enjoy any special subsidies.

China will roll out new policies to boost entrepreneurship and innovation, with a special focus on employment and business startups by college graduates and other key groups, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China's air passenger volume is expected to reach 612 million in 2018, an 11 percent increase.

China will increase its fiscal budget for air pollution control to 25 billion yuan (.73 billion) this year, up 25 percent year-on-year, said Vice-Minister of Finance Liu Wei.