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Appreciation of nondollar currencies against a weaker greenback and a price increase of major countries' bonds held by China were major factors that contributed to the reserves' growth, said Wang Chunying, the administration's spokeswoman.

As China and the US will conduct the second high-level economic and trade consultations in the US soon, Gao said China hopes the two sides can work together to jointly advance bilateral business ties and gain mutual benefit for the good of the people in both countries and the world as a whole.

As CPC Central Committee General Secretary Xi Jinping said in his keynote speech at the meeting on Friday, the CPC is committed to striving for world peace and development, and the interactions among different countries and peoples will create favorable conditions for building a community of shared future for humankind.

Argentinean President Mauricio Macri, currently on a state visit to China from May 14 to 18, attended the Belt and Road Forum for International Cooperation, which concluded on Monday. Over the course of his visit, the two countries signed cooperation and financing agreements for investments in Argentina, mainly in the areas of energy, infrastructure and agriculture, Xinhua reported. The deals were worth a total of billion, Argentinatoday.org reported.

As California-based Tesla Motors Inc will start partial production in Shanghai in the second half of next year, and Boeing delivered first airplane from its Zhoushan facility in China earlier this month, business leaders believe that stable China-US relations will help more companies from the United States maintain robust growth in China.