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China is a vital trading partner for Alaska and the largest export market for its aquatic products. China's capital city of Beijing will host the 2022 Winter Olympic Games, while Alaska, the far north US state, has abundant natural resources as well as snow and ice.

China is set to become the world's largest 5G market, with 460 million users of the next-generation superfast network by 2025, a report released on Wednesday said.

China is now the world's second-largest civil aviation market. The country handled 610 million air passenger trips in 2018 and the figure is expected to reach 680 million this year.

China is not expected to face serious consumer inflation pressure in the year's second half, said Lian Ping, chief economist at the Bank of Communications. "Considering the relatively high bases in the second half of last year, the CPI reading could ease in the coming months."

China is considering further cutting the reserve requirement ratio of banks and boosting their relending and rediscount quotas to reduce actual interest rates and financing costs for small and micro businesses, Premier Li Keqiang said on Monday.