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China's defense spending is "reasonable and appropriate" and accounts for a relatively low percentage of the country's GDP and government expenditure compared with other major countries, a defense white paper published on Wednesday said.

China's commercial oil stockpiling sector bought large storage in 2020 and delivered big profits for operators, traders and refiners worldwide.

China's economy grew 6.8 percent in the first quarter of 2018, slightly faster than expected, buoyed by strong consumer demand and surprisingly robust property investment.

China's oil and gas exploration sector has been long dominated by State-owned enterprises, including China National Petroleum Corp and China Petroleum and Chemical Corp, the world's largest refiner by volume.

China's fresh round of opening-up promises to humanize globalization and energize global economy