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China will push forward development of an ultra HD video (4K/8K) industry by building more ultra video industrial innovation and application centers and strengthening cooperation between Chinese ultra HD video-related companies and their overseas counterparts, a senior official said.

China's central bank Friday unveiled a draft of a mechanism arrangement for trading of matured defaulted bonds to consult public opinion on the document by July 13.

China will endeavor to adopt world-leading energy technologies and invest more in research and development for the upgrade of the energy industry, Liu said.

China's ODI in the high-tech and service industries had substantial growth from 2012 to 2016.

China's central bank is reportedly partnering with several internet companies including Didi Chuxing, the ride-hailing major, to test the use of its digital currency, as the nation pioneers the world in its efforts to experiment with virtual currency.