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China said on Monday it opposed the United States selling weapons to Taiwan, after the Trump administration approved the marketing license required for US manufacturers to sell technology to Taiwan that would allow for building submarines.

China spent 801 billion yuan on railway projects and put 3,038 km of new tracks into operation in 2017, exceeding its annual targets of 800 billion yuan of investment and 2,100 km of new lines, according to the China Railway Corporation.

China on Monday started to slash VAT in multiple industries.

China will continue to step up high-level exchanges with the EU and EU member states, fully leverage the role of the China-EU Summit in providing strategic guidance to China-EU relations, further implement the China-EU 2020 Strategic Agenda for Cooperation the two sides jointly formulated in 2013 and discuss follow-up plans, and reinforce inter-governmental exchanges and dialogues at various levels. Exchanges on an equal footing and mutual learning should be enhanced between our legislatures, political parties, localities and social groups. China and the EU should expand practical cooperation in various fields and engage in third party cooperation. These exchanges and cooperation will help the two sides draw on each other's strengths, embrace sound interactions and achieve common development.

China just leapfrogged in adopting mobile phones and became the largest cashless economy in the world, said Bratcher.