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China's Anta Sports Products Ltd is planning to further expand its business scale in a bid to challenge Nike and Adidas, with a 4.7 billion-euro (.5 billion) approach for one of the world's biggest athletic gear makers.

China will likely tighten monetary policy next year while increasing policy flexibility to ensure sufficient credit supply and to prevent overtightening from hurting the economy, economists said on Thursday after the US Federal Reserve rate hike.

China will work to refine the legal support system of the Belt and Road to enable better settlement of disputes and foster a business environment governed by the rule of law, State Councilor and Foreign Minister Wang Yi said on Monday.

China will prepare for the Shanghai Cooperation Organisation Summit to be held in Qingdao, Shandong province, in June and the first China International Import Expo in November in Shanghai, Wang said.

China will deepen cooperation with Central and Eastern European countries in the financial industry by grasping opportunities provided by the Belt and Road Initiative, officials and financial institution executives said.