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China home appliance queen Dong Mingzhu was confirmed to enter her seventh year as the chairwoman of of Gree Electric Appliances, as the Chinese air conditioner giant elected its new board of directors on Wednesday — a process that was expected to finish seven months ago.

China hopes the US can respect the law of the market and stay objective, rather than politicize the exchange rate issue, said the spokesperson.

China is facing "significantly increasing challenges in terms of financial risk prevention and tackling", but given the country's sound economic fundamentals and its pre-emptive approach to controlling financial risks, the financial sector remains well under control－that's the key takeaway from two major developments last week.

China is the top buyer of Cambodian rice, followed by France, Poland, Britain and the Netherlands, said the report compiled by the Secretariat of One Window Service for Rice Export.

China has started a national defense and military reform in an effort to have a stronger military to better safeguard peace. China's defense budget and new reform measures concerning army building are to receive attention.