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"China would be more open to the world economy, through efforts such as hosting a China International Import Expo," he said, adding that China' s foreign trade will grow steadily and support 8 to 9 percent of the total economic growth.

"China's international express market had been dominated by global giants such as FedEx, UPS and DHL for long, and the aviation logistics hubs built by Chinese enterprises will intensify the competition," Yang Daqing, a researcher from China Society of Logistics, was quoted as saying by National Business Daily.

"Courts across the country should fully play their role and make efforts to help improve the business environment … and offer strong legal support for a healthy, sustainable economy and a stable society," Zhou Qiang, president of the Supreme People's Court, said while attending a panel discussion of the ongoing annual session of the National People's Congress.

"China was working to improve flexibility of the RMB exchange rate while maintaining a stable equilibrium. And the RMB has successfully avoided competitive depreciation against other major currencies," he said.

"Commitment letters may work as a way to help residents understand that such violations may lead to legal consequences and thus better regulate their daily behaviors," he said.