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Chinese citizens who are 28 years old or above, uphold the Constitution, obey the law and are honest and well-behaved are eligible to serve as people's assessors.

Chinese firms grabbed an unprecedented 115 places on the Fortune Global 500 list in 2017, with the number of Chinese firms making the list increasing for 14 consecutive years. China State Grid Corp, the country's largest grid operator, and oil behemoth China Petroleum & Chemical Corp ranked No 2 and No 3 on the list, respectively, with their revenue reaching 5 billion and 8 billion in 2016.

Chinese automakers are advised to exercise caution in overseas mergers and acquisitions

Chinese internet tech giant Baidu Inc signed a series of cooperation agreements on Friday with Guangzhou, the capital of Guangdong province, to jointly develop an intelligent transport network in the city.

Chinese companies will continue to invest overseas, said Zhang, adding that China wishes to achieve mutual development with host countries and people and to foster global economic growth.