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China is willing to consolidate the long-term friendship between the two political parties and countries and build China-Laos community of shared future on the basis of mutual respect and support, said Li.

China regularly holds a deficit in service trade as its service sector is less competitive than a number of other economies.

China is working to cooperate and synchronize its efforts with global industry leaders, and is redesigning outdated mechanisms for distributing medical services and pharmaceuticals so as to provide services to more patients, and at the same time, China's distinctively large streams of patient data could play an instrumental role as China takes an advantageous position within the global industry of digital health and diagnosis, it said.

China said it firmly supports the Pyongyang summit and hoped the DPRK and the United States would lose no time in establishing a dialogue to push the denuclearization of the Korean Peninsula, the Foreign Ministry said on Thursday.

China saw faster growth of tax revenue in the first quarter of this year, reflecting the stable and improving momentum of the overall economy, data from the top tax authority showed on Thursday.