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China's service trade deficit totaled 5 billion last year, with the United States as a major contributor. From 2006 to 2016, the deficit with the United States increased more than 30-fold.

China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MoU) on cooperation with Africa Renewable Energy Initiative (AREI).

China's trade in goods with nations along the initiative reached 4.8 billion in 2016, which takes up 25.7 percent of its total trade in goods in 2016.

Chinese Premier Li Keqiang co-chairs the 25th regular meeting with Russian Prime Minister Mikhail Mishustin via video link at the Great Hall of the People in Beijing, capital of China, Dec 2, 2020. Chinese Vice Premier Han Zheng, who co-chairs the China-Russia Investment Cooperation Committee and the China-Russia Energy Cooperation Committee, attended the meeting. [Photo/Xinhua]

Chinese President Xi Jinping announced on April 13 at a gathering in Haikou celebrating the 30th anniversary of the founding of Hainan province and the Hainan Special Economic Zone that the Communist Party of China Central Committee has decided to support Hainan in developing the whole island into a pilot free trade zone as well as gradually exploring and steadily promoting the establishment of a free trade port with Chinese characteristics.