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"Sub-national cooperation is the foundation of China-U.S. economic and trade relations. The China-California Business Forum plays an important role in promoting this cooperation," said Zhang Ping, Chinese Consul General in Los Angeles.

A total of 8,325 suspects involved in 4,458 such cases were prosecuted last year, 22.3 percent more than in 2017.

There is nothing sinister about China giving out loans to other countries, said Isaac Mwaipopo, executive director of the Center for Trade Policy and Dialogue in Zambia, adding what matters is that recipient countries ensure that the loans are used for the intended purpose of uplifting the welfare of citizens.

"The biggest worry on the 'debt-trap diplomacy' should come from China's side, not from outside. It is tax payers' money," the Chinese professor said.

BEIJING, May 6 (Xinhua) -- Yang Jiechi, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met with Republic of Korea (ROK) National Assembly Speaker Moon Hee-sang here Monday and both sides expressed hope to strengthen bilateral cooperation.