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BEIJING, June 1 (Xinhua) -- China will consider four factors when deciding whether to put a foreign entity on a list of "unreliable entities," the Ministry of Commerce (MOC) said Saturday.

The exchanges in people-to-people and cultural sectors between China and the United States is of great significance to enhancing mutual understanding and promoting the steady development of bilateral relations. It is ridiculous to attempt to curb China's development by tightening people-to-people and cultural exchanges, said Geng.

China urges the U.S. side to fully recognize the seriousness of Taiwan-related issues, honor its commitment to the one-China principle and the three China-U.S. joint communiques with action, and correctly handle Taiwan-related issues in accordance with the important consensus, reached by heads of state of the two countries, on advancing bilateral ties based on coordination, stability, and cooperation, he said.

On June 8, over 10.05 million passenger trips were made by rail, and 540 extra trains were added to meet travel demand, CRC data showed.

"As a participant, builder and contributor to the current international economic and financial system, China is willing to deepen cooperative partnership with the World Bank to send positive signals to the world which are in line with the globalization process and jointly promote global development and prosperity," said Li.