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China will further expand market access in the service and manufacturing sectors, relax restrictions on foreign ownership, and treat domestic and foreign companies on an equal basis, said Premier Li.

China's actual use of foreign capital rose by 5.5 percent on a yearly basis to 98.7 billion yuan (.38 billion) in November, marking the eighth consecutive month of positive growth in foreign direct investment, according to data released by the Ministry of Commerce on Tuesday.

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 State Administration for Market Regulation announced Wednesday that it has fined Changan Ford 162.8 million yuan (.6 million) for violating China's anti-monopoly laws.

China's booming mobile app market will continue to expand with rising smart device penetration and mobilization of more traditional businesses, according to a leading industry observer.