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China's banking and insurance sectors will forgo part of their profits this year to stabilize the real economy by lowering lending rates, comprehensive financing costs and insurance premiums for companies, and they will offer some free consulting services to small businesses, said Xiao Yuanqi, chief risk officer of China's top banking and insurance regulator.

China's Ministry of Commerce said on Saturday that the US has criticized the intellectual property rights situation in other countries for a long time. The report lacks objective standards and fairness and was generally opposed by the countries concerned, it said in a statement.

China will roll out a new copper futures contract this week that will be open to foreign traders, in a push to boost yuan adoption and wrest some pricing power away from the established industry benchmark in London.

China's Foreign Ministry has already urged Sweden to reverse its 5G decision on Chinese companies, to prevent the move from having a negative impact on bilateral trade cooperation and the operation of Swedish companies in China.

China's achievements in counter-terrorism have been witnessed by people all over the world and gained wide support. The Act, however, is full of hypocrisy and prejudice and lacks the minimum respect for the safety of people's lived in Xinjiang, it said.