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David Aikman, the organization's chief representative in China, said Liu will head a Chinese delegation to the gathering from Tuesday through Jan 26 in Davos, Switzerland, a year after President Xi Jinping's "historic" appearance.

Data showed Beijing's CPI for Jan-March period went up 1.8 percent over a year ago.

Data released by the China Meteorological Administration, China's weather authority, showed China has just experienced the hottest July since 1961, with the national average temperature reaching 23.2 C, higher than the 21.9 C national July average in recent decades.

DHAKA - The China International Import Expo, the first of its kind in China to be held in November, reflects China's commitment to open its door wider for trade and investment, a Chinese diplomat said on Thursday.

Debt-to-equity swaps allow creditors to exchange debt for equity stakes so that companies with long-term potential are not forced to default.