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China used the negative list system for the first time to conduct negotiations on service trade and investment during the second phase of China-South Korea Free Trade Agreement talks, the Ministry of Commerce said in a statement.

China set the tone of its monetary policy in 2017 as prudent and neutral, keeping an appropriate liquidity level but avoiding excessive injections.

China supports Micronesia to further play a role in regional affairs and is ready to step up dialogue and communication on issues involving Pacific island countries, Xi added.

China should further increase the local governments' debt ceiling and develop more financial instruments as tightening credit environment makes it tough for local governments to obtain funding for infrastructural construction, said a report by a Beijing-based think tank.

China took the fifth spot in terms of global industrial digitalization, followed by Japan and the United States. South Korea, Singapore and Germany won the top three spots, according to a report by BloombergNEF released on Sept 25.