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China's Spring Airlines selected Honeywell's suite of advanced cockpit technologies and industry-leading auxiliary power units for its future fleet of Airbus A320neo aircraft, which will save Spring Airlines money while enabling safer and more efficient flight operations.

China will maintain prudent monetary policy to promote the development of the housing market, as risks in the sector remain under control, a vice-governor of the central bank said on Friday.

China will launch a new three-year renovation plan to address housing in rundown urban areas, with 5.8 million units to be constructed this year, according to this year's government work report.

China will waive income tax for foreign investors trading the country's new crude oil futures contract for three years so as to attract more overseas capital for the launch, the Ministry of Finance said on Tuesday.

China will embrace the world in a more open and inclusive manner and have more positive interactions with the rest of the world, it says.