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China's State-backed semiconductor fund is near to closing a 120 billion yuan (.98 billion) investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.
China will increasingly coordinate with Kiribati on regional and international issues and protect the legitimate rights of developing countries, he added.
China's booming online literature industry has also attracted foreign writers.
China's M2 target this year is set to grow by around 12 percent, one percentage point lower than the 2016 target.
China will reduce real interest rates on loans for micro and small businesses and increase lending to the manufacturing industry to boost innovation and support the real economy, the State Council's executive meeting, chaired by Premier Li Keqiang decided on Wednesday.
