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China's stock market has been recovering steadily this year after market turmoil starting from the summer of 2015 once sent the major index below 3,000 points.

China's stance that it did not manipulate its currency is based on solid ground, and the country's firm resolve to refrain from competitive devaluation and to promote the coordination of international currency policy has contributed to global financial stability, officials and analysts said.

China's pork price has kept retreating over the past weeks as hog production gradually picks up and starts to reverse the upward trend.

Chinalco, which has been operating in Peru for 10 years, hopes to triple its processing capacity to 157,000 metric tons a day, and to double its annual output of fine copper to 300,000 metric tons sooner or later.

Chinese New Year, though not a federal holiday, is becoming more and more popular in the United States.