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China will introduce a number of reform measures to create a better environment for innovation and development in the future, according to a decision made at a State Council executive meeting last month.

China will implement a group of measures to cut value-added tax rates, ensuring that the tax burden on all industries will only go down, according to a decision made by the State Council's executive meeting presided over by Premier Li Keqiang on Wednesday.

China's bond market has a total value of 108 trillion yuan (.35 trillion) now and is the second largest in the world. By the end of June, about 900 foreign institutions from more than 60 countries and regions had accessed the interbank bond market, investing in 2.6 trillion yuan of bonds denominated in Chinese yuan, rising at an average rate of 40 percent per year since 2017, according to data from the central bank.

China's CITIC Telecom CPC has announced the formal completion of its acquisition of the Amsterdam-based telecommunications company Linx Telecommunication BV. Linx operates in 14 countries, many of which are within the area covered by the Belt and Road Initiative.

China will deepen the mixed ownership reform and seek progress in industries including petroleum, natural gas, railways, telecommunications and defense, according to this year's government work report.