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The circular introduced tariff adjustments to reduce import costs, advance opening up to a higher level and allow other countries and regions to share in China's development.

The city's trade volume with countries involved in the Belt and Road Initiative reached 284.14 billion yuan in H1, up 5.7 percent year-on-year.

The center, established in June 2018 and covering 287 hectares, is scheduled to open to the public before the end of the year.

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The city also plans to accelerate construction of the first phase of Line 3, the second phase of Line 16, and Line 12 this year, the transportation commission said. Beijing had 22 metro lines and a total length of 636.8 kilometers in operation by the end of 2018.

The center is aimed at promoting the wide use of hydrogen in both national defence and civilian applications.

The central bank will continue to roll out detailed rules governing financial holding firms and work with other regulators to enhance the ability of financial holding firms to serve the real economy, he added.

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The city's economy has expanded seven times since 1999, and the city's GDP per capita is now the second highest in the world.

The change will open up markets to US merchants in countries served by Alibaba, including India, Brazil and Canada. US merchants, previously able to only buy on Alibaba.com, can now also sell to other US-based businesses on the marketplace.

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The central bank has increasingly relied on open-market operations for liquidity, rather than cuts in interest rates or reserve requirement ratios to maintain prudent monetary policy.

The central government's recent decision to construct a modern logistics system to support the dual circulation development pattern would guide infrastructure investment into high-efficiency transportation including airports and high-speed railway development, experts said.