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China will issue 3.75 trillion yuan of special local government bonds, up 1.6 trillion yuan from last year.

China's Foreign Ministry spokesman Lu Kang said China has noted the statements from both sides regarding the lifting of sanctions after the Hanoi summit.

China will escape the so-called middle-income trap that many emerging countries have fallen into, moving beyond it to become the world's largest economy within a decade, according to experts.

China's Ministry of Industry and Information Technology granted commercial-use 5G licenses Thursday to China Broadcasting Network and the country's top three telecom operators — China Telecom, China Mobile and China Unicom.

China will set up a committee under the State Council to oversee financial stability and development and the central bank will play a stronger role in macro prudential management and guarding against systemic risks, according to Xi.