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China's retail sales of consumer goods is expected to exceed 40 trillion yuan (.73 trillion) for the first time this year, maintaining its pillar position in the country's economic growth for six consecutive years, officials from the Ministry of Commerce said on Monday.

China's shadow banking assets showed their first increase in two-and-a-half years during the first quarter of this year, said a recent research report from Moody's Investors Service, a global credit ratings agency. "A rapid rebound is unlikely as financial systemic stability is still a key priority for the authorities," said Michael Taylor, managing director of Moody's.

China's top envoy in Washington Cui Tiankai wrote on China-US relations in October that it should be well understood that cooperation is the only path, and problems should be solved through extensive collaboration.

Chinese Ambassador to Canada Cong Peiwu called for Canada-China business community to uphold mutual respect for win-win cooperation.

China's top bike-sharing companies, ofo and Mobike, have attracted investment from countries such as the United States, Japan and Singapore. Tesla has Asia's largest supercharger station in Beijing and plans to add over 300 supercharger stalls in the country this year. Mobile payment service Apple Pay recently launched its largest-scale marketing campaign since entering China.