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China has no timetable to launch a digital currency, said Yi Gang, governor of the People's Bank of China, at a news conference held on the stable, healthy and sustainable development of China's economy on Tuesday.

China could use more fiscal stimulus and allow for greater foreign exchange flexibility to minimize the negative impact on its economy if trade tension with the United States further escalates, the International Monetary Fund said on Thursday.

China encouraged ODI in markets involved in the Belt and Road Initiative and the effort paid off in January, with Chinese companies investing .2 billion in 46 countries and regions concerned, up 50 percent yearon-year and accounting for 11.4 percent of the Chinese ODI worldwide, according to the Ministry of Commerce.

China had 724 million mobile phone users by the end of June 2017. More than 35 percent of them often make mobile payments while about 31.8 percent still prefer cash or credit cards, according to CNNIC.

China has already developed the technology to run maglev trains at a speed of less than 100 kph. As the test line in Shanghai was only 1.7 kilometers long, tests at 160 kph could not take place. Qu said that led CRRC to build a new test line at a length of between 5 and 6 kilometers.