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China's list of products facing new tariffs contains 128 products across seven categories, according to the Ministry of Commerce. The list also includes two different tariff levels - 15 percent and 25 percent.

China's intelligent logistics market reached 200 billion yuan in 2016, and currently, logistics firms' demands on intelligent logistics are concentrated on logistics data, cloud computing and logistics equipment, said the report citing the China Federation of Logistics and Purchasing.

China's foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday.Zhou Xiaochuan, governor of the People's Bank of China, said the country's foreign exchange reserve has been affected by international asset prices but there have not been any major changes in China's balance of international payments.The country saw its foreign exchange reserve drop to the level of trillion in January of last year and then it increased continuously over the past 12 months, according to Pan Gongsheng, vice-governor of the central bank and the head of the State Administration of Foreign Exchange.Pan said China's economic fundamental and foreign exchange rate will stay relatively stable and the country's foreign exchange reserve will also remain basically stable.

China's economic growth momentum held up in April despite slowing fixed-asset investment and retail sales growth, with analysts expecting the nation's policy stance to remain unchanged in the coming months.

China's economy beat market expectations to grow by 6.4 percent on a yearly basis in the first quarter, virtually unchanged from the GDP expansion in the previous quarter.