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China Investment Corporation is also carrying out strategies similar to the other major sovereign funds. According to Tu, about 50 percent of its overseas investment portfolio will be targeted at alternative assets and direct investment by 2022 to better serve China's development strategy and provide strong support to the country's foreign exchange investment returns.

China and countries in the Caribbean and Latin America are all developing countries, and relations between China and these countries is an important part of the South-South Cooperation, Li pointed out. He said he expects Trinidad and Tobago to play a constructive role in pushing forward such cooperation.

China also proposed retaliatory tariffs on 106 US products, worth billion, including soybeans, planes and cars, after the Trump administration announced tariffs on 0 billion in Chinese imports last month under Section 301 of US Trade Act of 1974.

China Daily reported earlier this month a package of measures to further restrict ICOs－an activity to raise funds akin to an initial public offering, and cryptocurrency trading both domestic and overseas, is being prepared by the People's Bank of China, the central bank and other financial regulators. It is expected to be launched when "conditions are ripe".

China Xiongan Group, a State-owned company based in Xiongan New Area in North China's Hebei province, issued its bond on the interbank market for the first time on Thursday.