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China, however, has relatively fewer original innovations in general, and the country needs to further reform the educational system, Lee said.

China's trade in services jumped 11.9 percent year-on-year to 1.67 trillion yuan (1 billion) in the first four months of 2018, a record growth rate so far this year, the Ministry of Commerce said on Tuesday.

China's services sector saw the strongest expansion in a decade last month as the resumption of business activity accelerates and the country's economy continues to recover, a private survey showed on Friday.

Chinese Foreign Ministry spokesman Zhao Lijian said in May that China expresses its strong dissatisfaction and firm opposition to a Canadian court's ruling on the case against Meng, and has made solemn representations to Canada on the issue.

China's securities and banking regulators have asked trust companies to reduce trading leverage and have suspended some of their structured securities investment, Chinese media reported, citing people familiar with the matter.