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Currently, there are more than 300 Chinese companies doing business in HCM City, with a total investment of nearly 300 million U.S dollars. In 2013, the city exported goods to China worth over 1 billion U.S. dollars, while it spent more than 2.6 billion U.S. dollars to imports goods from China.

Liu Guixiang, an SPC official, said courts that have already established such channels with commercial banks may directly investigate and freeze defaulters' accounts, simplifying procedures and boosting efficiency.

BEIJING, Oct. 31 (Xinhua) -- China said Thursday it is gravely concerned over reported U.S. tapping of phone calls in China and has demanded an explanation from the United States.

China-Japan relations are in severe difficulties because of the Diaoyu Islands issue and the Chinese side is not to blame, he said, adding that China has called for resolving the dispute through dialogue to improve bilateral relations.

Macharia Munene, a lecturer on International Relations at the Nairobi-based United States International University, noted that Xi called for efforts to maintain a free, open and non-discriminatory multilateral trade system, to improve global investment rules, and to allocate resources more efficiently by encouraging rational flow of capital. China's stance is of great significance in solving issues facing developing countries, said Munene.