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China plans to extend the courier network and improve its computer systems, services and international connections by 2020 when the target annual revenue of the courier sector will hit 800 billion yuan.

China welcomes Rwanda aboard the "express train" of China's rapid growth, he added.

China plans to eliminate 100 million to 150 million tons of crude steel capacity in the five years from 2016.

China vowed to keep its prudent monetary policy "neither too tight nor too loose" and make counter-cyclical adjustments in a timely and moderate manner, the central bank said Friday in its second-quarter monetary policy report, adding the country will not resort to flood-like stimulus policies.

China made about 0.6 billion of portfolio investments, including investments in equities and bonds, in overseas markets by the end of June, the State Administration of Foreign Exchange said in an online statement.