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China's largest chipmaker Tsinghua Unigroup Ltd on Monday announced its ambitious goal to become an international cloud computing giant, saying it will ramp up efforts to offer public cloud services in the future.

China's endeavor to foster a new form of international relations and build a community with a shared future for mankind will be the overarching goals of China's foreign policy in the years ahead, Foreign Minister Wang Yi said.

China's decision to lower the rates of social security contributions paid by employers, part of a broader effort to reduce corporate burden, has been lauded by entrepreneurs and experts for shoring up growth and employment.

China's monetary policy is set to be prudent and neutral in 2017, keeping appropriate liquidity levels and avoiding large injections.

China's economy posted a forecast-beating growth rate in the first quarter of 2017, with gross domestic product up 6.9 percent year on year.