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China did not immediately use the latest United States interest rate cut as an opportunity to ease domestic monetary policy as the current rate level is adequate and liquidity ample following a recent injection of funds, analysts said.

China has attached great value to innovation and has become an impactful scientific and technologic power around the globe. Chinese companies are among the global leaders of frontier technology innovations such as 5G, artificial intelligence and the IoT.

China has been making efforts to improve its energy structure, shifting away from traditional energy sources such as coal. Breakthroughs have been made in shale gas exploration both in capacity and drilling techniques, making China one of the top shale gas suppliers in the world.

China has been making a series of moves in opening up the bank card clearing market to international companies, including Visa, Mastercard, American Express and JCB, meaning that China's payment market will see increasing competition in the near future.

China believes the summit between the Democratic People's Republic of Korea and the United States has a key role in the denuclearization process, and hopes the two sides will keep being patient, express goodwill to each other and work together.