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Chinese and Russian companies have been increasingly using the Chinese RMB to settle their transactions. In the first quarter, currency exchange between Rubles and RMB grew more than five fold year on year as Russian companies rapidly opened RMB bank accounts at a fast rate, according to data from Russian bank VTB.

More than 200 fire fighters arrived at the site to put out the fire.

This year marks the 15th anniversary of the establishment of the Forum on China-Africa Cooperation(FOCAC), said Li, noting that China and African countries will hold the sixth ministerial meeting of the forum.

As a matter of fact, China remains the biggest developing country. True, China has become the world's second largest economy. But its per capita GDP is a mere 7,589 US dollars, ranking 80th in the world. To give it some context, China's per capita GDP is 65 percent of the global average, one seventh that of the United States and one fifth that of the European Union. When it comes to overall development level, especially in terms of innovation capacity, productivity and social welfare, China lags far behind developed countries. And in some areas, China even has lower rankings than some fellow developing countries. Take the United Nations' human development index (HDI) for example, China ranks 91st.

BEIJING, May 26 (Xinhua) -- The People's Liberation Army Navy will continue to organize and perform regular combat readiness patrols and maintain a military presence in relevant sea areas, a white paper on China's military strategy says Tuesday.