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China's international cooperation in IP protection has deepened, as the country has become a firm defender, important participant and active maker of international rules for intellectual property rights, said Shen Changyu, director of the National Intellectual Property Administration.

China's economic development over the past 70 years has been a story of growth and prosperity, AXA Group CEO Thomas Buberl said at the China Development Forum in Beijing.

China's economy expanded at a faster-than-expected 6.9 percent year-on-year in the second quarter and economists said the trend of stable growth is set to continue into the second half of 2017, paving the way for the country to strengthen reforms.

China's non-financial ODI in 973 overseas companies in 137 countries and regions stood at .19 billion last month, the Ministry of Commerce said in a statement.

China's efforts to promote the use of biofuel received key impetus last month with the announcement of encouraging initial findings of a pilot project involving biodiesel in Shanghai, and from rapid progress in the adoption of bioethanol gasoline elsewhere.