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China and the US have seen their trade tensions escalate in the past months following the unilateral US tariff imposition and threats on Chinese imports. Besides tariffs, the US is also likely to impose tougher restrictions on Chinese foreign direct investment in the US, in particular the technology sector.
China Vanke Co Ltd, one of China's largest property developers, posted contracted property sales decline in April.
China announced plans to create Xiongan New Area on April 1, which authorities described as a "major historic and strategic choice… crucial for the millennium to come."
China also is accelerating revisions on the catalog for guidance on industries for foreign investment and a catalog of industries advantageous for foreign investment in central and western China. Both will further encourage foreign investment, he said.
China National Petroleum Corp, the country's largest oil and gas producer by annual output, produced 103.3 billion cubic meters of natural gas in 2017, a year-on-year increase of 5.3 percent.