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China will take fresh steps to tackle technological bottlenecks in crucial electronic components, as it works hard to pursue innovation-driven growth and beef up its manufacturing prowess in the global electronics battlefield, the country's top industry regulator said at the ongoing China Information Technology Expo in Shenzhen.

China's Foreign Ministry spokesman Geng Shuang urged the parties involved, especially the US, to practice restraint and avoid further escalation of tensions.

China's Foreign Ministry called the reason to block the deal "groundless accusations" against Chinese companies made by the US, and lamented the "politicization" of a commercial takeover.

China will work to further facilitate trade and ask its companies to abide by Russian laws and regulations, while it hopes the Russian side will implement its preferential policies and safeguard the lawful interests of Chinese enterprises, Wang said.

China's A-share market is showing signs of a slow recovery, with the Shanghai Composite Index rising 0.56 percent to close at 2610.51 points on Monday and the Shenzhen Component Index gaining 0.59 percent to close at 7626.24 points.