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China's service trade deficit has narrowed significantly, according to Gao Feng, the ministry's spokesman. In July, the figure decreased 30 percent month-on-month and 1.8 percent year-on-year to 141.5 billion yuan (.8 billion).

China's private investment grew at 7.7 percent for the first quarter in 2017, a 2 percentage-point increase compared with the same period last year.

China, as a proponent of the international trading system, opposes protectionism. Through free trade agreements, it can not only integrate into the global economy, but also stimulate market reform at home. There is no reason why the UK, as a sovereign state once more, should not be China's natural partner going forward.

China's smart manufacturing sector will see a compound growth rate of about 20 percent in the 2016-2020 period, and the annual output of the sector will exceed 3 trillion yuan (about 3 billion), according to a report from CIConsulting, a Guangdong-based research institution.

Chinese Foreign Ministry spokesperson Geng Shuang made the remarks in response to the reports that the DPRK on Saturday confirmed the test firing of the second "Hwasong-14" intercontinental ballistic missile (ICBM) on Friday.