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China has been ASEAN's largest trading partner since 2010. The region became China's biggest trading partner during the first half of this year, accounting for 14.7 percent of the nation's total foreign trade volume, according to data from China's General Administration of Customs.

China has become a major player in global technology development and the 50 billion pounds ( billion) it attracted from around the world between 2015 and 2018 places it second, globally, in terms of attracting high-growth investment, according to a new study.

China has been the top source of tourism spending, and is the fourth-most-visited country, he said. It also has the largest domestic tourism market, with 4.4 billion trips inside China and tourism income reaching 0 billion last year.

China has decided to set up a new bond financing support vehicle to help finance private enterprises and ease their dilemma in getting loans, a move that experts said would stabilize market expectations and confidence.

China firmly opposes the US government's intensified crackdown on Huawei Technologies Co, and the nation will take all the necessary measures to safeguard the legitimate rights and interests of Chinese companies, a spokesperson from China's Ministry of Commerce said on Thursday.