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China will push forward development of an ultra HD video (4K/8K) industry by building more ultra video industrial innovation and application centers and strengthening cooperation between Chinese ultra HD video-related companies and their overseas counterparts, a senior official said.

China's central State-owned enterprises have reported a stable level of debt over the past year, while the government's main task this year still will be to reduce corporate leverage, lower debt ratio and ward off risks, Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission, said on Saturday.

China will take targeted reciprocal measures against the United States to protect its interests, which may include slapping tariffs on US agricultural products, airplanes, automobiles and computer chips, a former minister said Wednesday morning.

China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.

China's M2 target this year is set to grow by around 12 percent, one percentage point lower than the 2016 target.