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China will conduct equity diversification at the group level in selected centrally administered State-owned enterprises and advance mixed ownership reform for SOEs in sectors that are fully competitive this year, the head of a top regulator said.

China will accelerate capital market reforms this year, giving priority to expanding the market-based initial public offering system, improving the quality of listed companies and increasing market openness to draw more long-term institutional capital from home and abroad, analysts said.

China produced 72,400 industrial robots in 2016, up 34.3 percent year on year. Sales are expected to exceed 50 billion yuan (about .26 billion) in 2020, according to industry insiders.

China issued its first blacklists for violators of airline and railway safety rules on Friday to promote social honesty, safeguard security and order, and discourage future troublemakers.

China said last Friday that Liu carried out frank, efficient and constructive discussions on China-US economic and trade issues with the US delegation.