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China, the world's largest consumer of semiconductors, has stepped up the effort to bolster its own chip industry through various means, including the acquisition of foreign technology companies.

China's trade performance has gotten off to a strong start this year, thanks to the stable recovery of the world economy, sustained demand in the domestic market and advancement of the Belt and Road Initiative, Hang pointed out.

China's private enterprises are grasping the opportunities from the global intelligent transformation trend, and are performing strongly against their international competitors thanks to their homegrown technologies, experts said.

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 two-year treasury bond futures closed higher on Thursday, with the contract for March 2020 closing 0.06 percent higher at 100.43 yuan (about .4). [Photo/VCG]