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China has sovereignty over the Nansha Islands and their adjacent waters, the Foreign Ministry reiterated on Friday, while calling for Vietnam to respect the rights and work with China for peace at sea.

China has the potential to "safely sustain strong growth" over the medium term as it continues to move onto a more sustainable growth path and advance reforms, said David Lipton, IMF first deputy managing director.

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 quickly closing the gap on the adoption of 3D printing, a sector on the cusp of transforming from prototyping and design to real-life manufacturing and end-user engagement, according to an industry executive.

China is an innovation-based economy. Such an economy develops new products or methods of production that drive economic progress and enable states to deal with challenges such as climate change and global health crises. The ability of a country to innovate rests on its education system. A well-educated workforce contributes to technological and scientific discoveries.