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China's trade with the Latin American regions reached 0 billion in 2017, with Chinese direct investment climbing to 7 billion as of last year, according to Gao Yan, chairwoman of the China Council for the Promotion of International Trade.

China, as a very huge market, is willing to further open up and will give opportunities to LNG suppliers around the globe, he said, adding that Australia is an important source of LNG for China, and the two sides have a large amount of trade with great potential.

China's savings may come as a surprise to outsiders, particularly the Americans, Orville Schell, director of the Center on China-US Relations in New York, told Forbes.

China's top industry regulator, the Ministry of Industry and Information Technology, later summoned social networking firm Momo Inc. The company powers ZAO, which lets users superimpose their faces onto those of celebrities and produce synthesized videos and emojis.

China's total foreign trade rose 4.3 percent year-on-year to 9.51 trillion yuan (.41 trillion) in the first four months of the year, showing that the policy of ensuring steady growth of imports and exports has helped stabilize the sector, experts said on Wednesday.