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China has proposed a dual track approach to solve the current situation: the suspension of nuclear and missile activities by the Democratic People's Republic of Korea (DPRK) and the suspension of large-scale military exercises by the US and the Republic of Korea.

China has thousands of SOEs, but many have stagnated due to a lack of competition. The government is trying to improve their performance through reform, moving toward mixed ownership and market-oriented management to improve efficiency.

China is surely playing an increasingly important and active role in the global economy. In keeping with its social and economic development, China is shouldering more global responsibilities.

China is expected to replace South Korea as the world's largest flat-panel display producer this year, according to a report from the China Video Industry Association and the China Optics and Optoelectronics Manufacturers Association.

China hopes the US will take effective measures to safeguard the security and health of its nationals in an open, transparent and responsible way, he said.