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China and Japan should strengthen multilateral cooperation and oppose protectionism and unilateralism of all kinds, State Councilor and Foreign Minister Wang Yi said on Tuesday.

China aims to create bigger and stronger State-owned enterprises that are capable of competing globally, while phasing out excessive capacity in bloated sectors, according to the country's State-assets regulator.

China Life Asset Management Co Ltd set up the industry's first special product to participate in defusing the liquidity risk of stock pledges of high-quality listed companies, according to a report by Economic Information Daily.

China and the Republic of Korea should strengthen cooperation in advanced technology and innovation, State Councilor and Foreign Minister Wang Yi said on Tuesday.

China also wants to set a good example for countries along the Belt and Road routes with higher standards and no tolerance for counterfeits, she added.