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Proposed by Xi in 2013, the Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa via land and maritime routes.

Given the increasing stability and resilience of the economy, as well as further reform in the financial markets, China will maintain balanced and stable forex reserves levels in 2018, said the forex regulator.

Representatives of 11 Chinese and Bulgarian organizations such as the Sofia-based University of Transport, Bulgaria's National Railway Infrastructure Company, and China's Ningbo University of Technology, Ningbo Municipality, as well as the Secretariat for Cooperation between China and CEE countries inked the founding document.

BEIJING, Jan. 24 (Xinhua) -- The acting mayor of Beijing said Wednesday that the city is expected to hit the economic growth target of about 6.5 percent this year, while achieving visible improvement in economic structure, environment and innovation.

China has maintained its sovereignty and maritime rights in the East China Sea, said Lu, who added China and Japan have been communicating over the East China Sea issue, with Japan voicing hope to improve ties with China. He urged Japan to walk the talk.