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China-US economic cooperation has helped to reduce trade barriers and create a more predictable investment environment that has fueled global growth over the past 40 years, Gutierrez said, adding that it is critical for the two countries to find a way to stabilize their relationship to reduce uncertainty, which is damaging to cross-border investments and the global economy.

China's three largest State-owned banks－Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China－all published announcements last week and revealed that they had approved equal investments of 3 billion yuan respectively to the fund, using their own capital. The capital injection shall be paid by installments in four years commencing from this year.

China's top securities regulator should review and reassess the current rules on private share sales by listed companies to ensure market fair play, analysts said on Wednesday after a high-profile share sale plan by a State-owned telecom giant was seen to have violated securities rules.

Chinese State Councilor and Foreign Minister Wang Yi shakes hands with Eritrean Foreign Minister Osman Saleh in Beijing, May 6, 2019. [Photo/Xinhua]

China's rural areas have become bright spots in the country's e-commerce growth. Rural online retail sales reached 357 billion yuan (51.6 billion US dollars) in the first three months of this year, up 19.5 percent year on year and faster than the national average growth.