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China will never pursue development at the expense of others' interests, but nor will China ever give up its legitimate rights and interests. No one should expect us to swallow anything that undermines our interests. China pursues a national defense policy that is in nature defensive. China's development does not pose a threat to any other country. No matter what stage of development it reaches, China will never seek hegemony or engage in expansion.

China's GDP expanded 6.8 percent in the first quarter, higher than the government's annual target of around 6.5 percent. Data for the second quarter is scheduled to be released on Monday.

China will encourage consumers to upgrade their smartphones into 5G-enabled devices. [Photo/Sipa]

China will stay committed to building partnerships around the world. We Chinese often say, "Those who share the same ideal and follow the same path can be partners; those who seek common ground while setting aside differences can also be partners." China pursues friendship and cooperation with all other countries based on the five principles of peaceful co-existence. We have made the forging of partnerships a golden rule in our relations with other countries, and have established partnerships of various forms with over 100 countries and regional organizations. China will continue to expand this network of global partnerships and make more friends all over the world.

China will raise its fiscal deficit target to 2.76 trillion yuan, or 2.8 percent of GDP, this year from 2.6 percent in 2018.