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China is expected to generate 48.6 zettabytes (48.6 trillion gigabytes) of data in 2025, while the number for the US is forecast to be 30.6ZB, according to a study by the International Data Corporation (IDC) and data storage firm Seagate, a CNBC report said.

China has proposed the "dual suspension" approach - that Pyongyang halts its nuclear and missile activities while Washington and Seoul cease their massive military drills - to break the deadlock.

China has thousands of SOEs, but many have become stagnated due to a lack of competition. The government is trying to improve their fortunes through reform, moving toward mixed ownership and market-oriented management to improve efficiency.

China is a world leader with regard to renewable energy resources, and its mature renewable energy technology and strong financial support will deliver more clean energy for the African people, said Joseph Jacobelli, a senior analyst of Asian utilities and infrastructure at Bloomberg Intelligence in Hong Kong.

China has since July 6 begun to levy additional 25 percent tariffs on 517 types of agricultural products — including soybeans, cotton and pork — imported from the US. The total value of these imports last year was about billion.