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China's PPI, which measures costs of goods at the factory gate, rose 7.8 percent year on year in February and hit its highest level since 2008, but its growth is expected to fall back largely as a result of industrial capacity-trimming measures.

China's biggest personal computer giant Lenovo and domestic auto maker Haima will join forces to promote the use of big data and artificial intelligence technology in the auto manufacturing industry.

China's capital, technology, market, knowledge and experience is expected to play a major role in expanding the network of shipping routes in the Arctic and facilitating the economic and social progress of the coastal States along the routes, read the paper.

China will support those funds to expand business, such as overseas equity investment, debt financing, and cross-border guarantee.

China's Minister of Commerce Zhong Shan said on Sunday that China has no intention of starting a trade war with the US, but added that the country can cope with any challenge and will defend its national interests.