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China's foreign trade of goods fell 11 percent year on year in the first two months of this year amid disruptions caused by the coronavirus outbreak.

China's foreign trade sustained its upward momentum in October with notable growth and improved structure, the country's official data showed Saturday.

China's economic reforms enabled growth that has benefited many other countries, including Australia, and it contributes to Australian economy's 27th year of continuous growth.

China's commercial banks had net sales of .9 billion in foreign exchange in the first quarter, down from 4.8 billion in net sales in the first quarter of 2016, Wang said.

China's national legislature on Friday passed the foreign investment law, which will become effective on Jan 1, 2020. The law aims to improve the transparency of foreign investment policies and ensure domestic and foreign enterprises are subject to a unified set of rules and compete on a level playing field, according to an explanatory document.