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"Financial institutions are allowed to make independent investment decisions based on market-oriented rules, and their financing activities should not increase local governments' contingent liabilities," said the document.

"Global governance has emerged as a new dimension of China-EU cooperation. The two have a shared responsibility to safeguard the global free trade system," Wang said at a press conference on the sidelines of the country's annual legislative session.

"For new product launches in China, we are moving from 'intuition-driven readiness' to the employment of data that depict the clear preferences of customers," said Charles Kao, president of cosmetics group Amorepacific's China unit, which saw nearly 30 percent of its revenue in China come from online channels.

"GM technology can greatly reduce the use of pesticides to improve food safety," he said. "Overuse of pesticides is a major food safety problem."

"For a bookstore occupying 100 square meters like ours, the profit was pretty satisfying," he said. "The top profit in the market for a bookstore of such a size is about 100,000 yuan a month, and a large number of the stores are losing money."