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China stepped up efforts to open up the commodity futures market last year, making three futures contracts available to foreign investors so far, including crude oil, iron ore and purified terephthalic acid (PTA), a raw material for making plastics.

China will also carry out phased evaluations of the business environment across the country and offer further incentives for better performers. The 28 steps to improve the business environment that have worked well in some regions will be disseminated to encourage competition in the quality of business environment across the country.

China will become a first choice for companies to build headquarters within five years, if China makes full use of its advantages and overcomes its weaknesses.

China on Wednesday expressed regrets over the planned measures in a statement, saying "China deeply regrets this, and will be forced to take necessary countermeasures if the US side puts the tariff measures into effect."

China saw 195 million tourists during the four-day holiday that ended on Saturday, a year-on-year increase of 13.7 percent, according to the Ministry of Culture and Tourism. The surge of travelers pushed tourism revenue to almost 117.67 billion yuan (.5 billion) nationwide, a 16.1 percent increase over last year.