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China initiated a new round of measurement on the height of Mount Qomolangma, the world's highest peak, on April 30. The measurement team consists of members from the Ministry of Natural Resources and the national mountaineering team.

China has shifted away from a relatively loose monetary policy that helped growth over the past years, gradually guided interbank lending rates higher and tightened supervision on non-performing assets, shadow banking and local government financing.

China is a good neighbor, a good partner and a good friend of Kyrgyzstan. The strategic partnership is developing on a high level, he said.

China has thousands of SOEs and more than 100 are directly administered by the central authority. These enterprises are the backbone of the economy, but their monopolies in many areas, unchecked spending and inefficiency are often the source of public complaints.

China is formulating a new development paradigm and the country's recent proposals for the next five-year plan and its development goals for 2035 reflected the changing and challenging environment, they said. These will effectively utilize the Chinese government's capacity to comprehensively coordinate macroeconomic policies to pursue high-quality growth and structural reform on the supply side, they added.