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China, the world's top soybean importer, curbed purchases of US soy last year when Trump imposed tariffs on Chinese goods, prompting China to retaliate with tariffs on US soy, pork, corn and other products.

China's top court opened its Intellectual Property Court in Beijing on Tuesday, as a new step to effectively safeguard IP rights.

China's total outstanding loans for small enterprises surged to their highest level in Asia in May, at 10.3 trillion yuan (.5 trillion), a 21 percent increase from a year earlier, 5.8 percentage points higher than at the end of 2018, according to data from the People's Bank of China.

China's regional development blueprint changes with local situations, and development trajectories vary from region to region.

China, as a developing country, is accelerating the development of its manufacturing sector, and it has become an inseparable part of the global value chain and a huge market for manufactured goods, he said.