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China will make its service sector a new highlight in its opening up and the country especially welcomes foreign businesses from Japan and the Republic of Korea to increase cooperation in the sector, Premier Li Keqiang said on Tuesday.

China's average individual disposable income declined by 3.9 percent during the first quarter, more resilient than the 6.8-percent contraction in GDP, according to the NBS.

China's central SOEs had 9,112 overseas branches by the end of last year, in 185 countries and regions with a total asset volume of about 7 trillion yuan ($ 1.1 trillion).

China's 2017 online retail sales is approaching trillion that will buttress the country's position as the largest e-commerce market in the world, S&P Global Ratings said on Monday.

China will open up its general manufacturing sector and expand foreign investment access to sectors like financial services, telecommunications, medical services, education, elderly care, and new-energy vehicles, according to the government work report.