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China will focus on innovation-driven development and contribute to building an open, fair and balanced global growth model that will enable all countries to enjoy the benefits of globalization, Vice-President Wang Qishan said on Thursday.

China's ambassador to the European Union blasted the treatment of Huawei Technologies and other Chinese companies, saying such behavior will hamper the development of 5G mobile technology.

China will defend its legitimate interests with other members of the World Trade Organization after the United States announced tariffs on imported solar panels and washing machines, China's Ministry of Commerce said on Tuesday.

China's biggest server maker Inspur Group Co Ltd aims to increase the contribution of its overseas revenue stream to 40 percent of its total sales by 2020, as it scrambles to tap into opportunities brought by the Belt and Road Initiative.

China will face more pressure from the Western world. In such a scenario, the existing globalization system may face the risk of disintegration, and the global economic model may undergo strategic reorganization, which will undoubtedly have a fundamental impact on the reconstruction of the global industrial chain.