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As reported in China Daily on Wednesday, Beijing made a move to standardize regulations in a transparent way and help level the playing field for foreign enterprises and private firms. As part of opening-up, the shortened Market Access Negative List is expected to make it easier for all market players to invest in China.

As relations between the United States and the Democratic People's Republic of Korea further deteriorate, some East Asian countries are busy strengthening their militaries. At the United Nations forum on disarmament in Geneva on Tuesday, the US and the DPRK accused each other of posing a nuclear threat. US envoy Robert Wood elaborated on President Donald Trump's top priority: protect the US and its allies against the "growing threat" from the DPRK, for which Washington will use "the full range of capabilities at our disposal".

As per the report, China's official manufacturing purchasing managers' index (PMI) rose to a three-month high of 50.9 in June which analysts had expected to drop to 50.4 from 50.6 in May. Bloomberg, meanwhile, reported that China's non-manufacturing PMI rose to 54.4.

As the Belt and Road Initiative pushes ahead, China is encouraging its agricultural firms to expand overseas and promote agricultural trade with countries and regions along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.

As the world's largest service trade fair, CIFTIS has been held six times and helped close deals worth more than 0 billion.