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China's foreign exchange reserves rose for the 12th straight month to reach .2 trillion at the end of January.

China's opening-up efforts and pro-trade policies along with accelerated industrial upgrading and improved corporate vitality will provide steam for the country's trade performance this year, said Chu Shijia, director-general of the comprehensive department of the Ministry of Commerce.

China's largest classified online marketplace 58.com Inc said it will establish a prime multiple listing system for new houses by partnering with several property service companies and it hopes that the system will facilitate housing transactions worth 3 trillion yuan (3.8 billion) over the next three years.

China's leadership offers solid backing and policy support for the internet industry and sharing economy. A big positive in this regard is the Chinese government's rich experience in formulating industry-friendly policy. This offers a strong reference point. Governments the world over should learn from it.

China's economy expanded at a faster-than-expected 6.9 percent year-on-year in the second quarter and economists said the trend of stable growth is set to continue into the second half of 2017, paving the way for the country to strengthen reforms.