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China's State Administration for Market Regulation announced Wednesday that it has fined Changan Ford 162.8 million yuan (.6 million) for violating China's anti-monopoly laws.

China will upgrade the free trade agreement negotiations under the Belt and Road Initiative, and sign more agreements for currency swaps, investment promotion and protection, and expand yuan settlement, Zhang said.

China's ODI in economies participating in the Belt and Road Initiative climbed 22.4 percent year-on-year to .61 billion in the first three months this year, the ministry said.

China's GDP growth in Q1 stood at 6.9 percent, up slightly from 6.8 percent in the previous quarter, with 77.2 percent of that driven by consumption, 12.6 percentage points higher than the 2016 level. The service sector rose 7.7 percent year-on-year, outpacing a 3-percent increase in agriculture and 6.4 percent in secondary industries.

China's Taiwan affairs authority on Tuesday highly praised the Solomon Islands' decision to end diplomatic ties with Taiwan, saying that adhering to the one-China principle is the will of people and an irresistible trend.