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China will strengthen efforts to curb money laundering, terror financing and tax evasion, as part of its endeavors to build a modern system of financial regulation and stability, according to a guideline released by the State Council on Wednesday.

China will make sure that socialist modernization is basically realized from 2020 to 2035. From 2035 to the mid-21st century, China will develop into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful, Xi said.

China would own more than 40 percent, the largest share among those markets, it said.

China's Foreign Ministry spokesman Geng Shuang urged the parties involved, especially the US, to practice restraint and avoid further escalation of tensions.

China's buoyant property market showed further signs of cooling down, according to official data which were released on Friday.