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China will continue to strengthen financial supervision in the banking sector in 2018, preventing risks such as high corporate debt and household leverage, the banking regulator said last week.

China's GDP growth registered at 6.7 percent year-on-year in the first three quarters of this year, or 6.2 percent after deducting the natural growth of the total population, according to National Bureau of Statistics.

China's Ministry of Science and Technology issued a special plan for biotechnology innovation in the 13th Five-Year Plan which says that China's biotech sector will exceed four percent of GDP by 2020, Xinhua reported on April 28.

China will use various monetary policy tools to maintain sufficient liquidity, with the measures expected to be more precise and targeted to spur economic recovery and prevent risks in the financial system, the central bank governor said on Tuesday.

China's FTZs are a way of testing new policies, including interest rate liberalization and fewer investment restrictions, to better integrate the economy with international practices.