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China has resumed a "counter-cyclical factor" in the foreign exchange regime since August, to hedge against market sentiment toward a weaker yuan, according to a statement on the central bank's website on Friday.

China is likely to set the slowest money growth target in history, at around 9 percent, next year after top policymakers pledged to control the "master valve" of total money supply, which is recognized as the origin of the surging debt burden and the trigger of asset bubbles.

China has taken multi-pronged measures to protect the economy from succumbing to epidemic shocks. Building on earlier efforts to advance the resumption of production, the country has ramped up tax and fee reductions and provided firms with low-cost loans to help them tide over difficulties.

China is ROK's largest trading partner, with two-way trade volume in the first nine months of last year reaching 0.15 billion, according to the Ministry of Commerce.

China is a crucial part of the business of major ports in Washington state, a transportation executive told a House panel at a hearing on the impact of tariffs.