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China's Geely Auto and Swedish brand Volvo Cars are considering combining their businesses into a strong global company, with listings in Hong Kong and Stockholm, the two companies said late Monday.

China's Belt and Road Initiative is facilitating the country's geoeconomic rise while reshaping infrastructure investment in the Asia-Pacific economies, which will enable significant regional economic growth, according to a leader from a multinational professional services network.

China's Tianhe-2A, developed by the National University of Defense Technology and installed at the National Supercomputer Center in Guangzhou, moved down two notches into the number four spot. But a major upgrade of its hardware increased the system's performance from 33.9 petaflops to 61.4 petaflops.

China will continue with its prudent monetary policy, make regulations more forward-looking, targeted and effective, and maintain a reasonable growth of money supply, to create a sound monetary environment for the country's economic development, Sun said.

China will roll out new policies to boost entrepreneurship and innovation, with a special focus on employment and business startups by college graduates and other key groups, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.