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China has launched the manhunt coded "Sky Net" for four consecutive years, focusing mainly on corruption fugitives and illegal asset recovery overseas, amid a renewed anti-corruption drive.

China formally resumes bilateral ties with Kiribati on Saturday after the Pacific island state severed "diplomatic ties" with the island of Taiwan on Sept 20. [Photo/Xinhua]

China currently operates more than 25,000 kilometers of high-speed rail lines, accounting for 60 percent of the world's total, it has become a strong competitor to airline flights of less than 1,500 kilometers, said Zhao Ying, a researcher at the Institute of Industrial Economics at the Chinese Academy of Social Sciences in Beijing.

China currently operates 4,250 international cargo flights per week, which represents a 215 percent increase over the average weekly international cargo flight volume during last year, according to the CAAC.

China has made it clear that it will not engage in beggar-thy-neighbor currency devaluation, and will continue to improve the exchange rate formation mechanism of its currency, and keep the exchange rate generally stable on a reasonable and balanced level to promote a stable global economy.