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Following the Hanoi summit, South Korean President Moon Jae-in said he will push for his fourth summit with the DPRK leader "in any place and formality at the North Korea (DPRK)'s convenience."

"California was the number one recipient of foreign direct investment from China, totaling more than 16 billion U.S. dollars in 2017. We are also home to a vibrant Chinese American community," said Eleni Kounalakis, Lieutenant Governor of California.

Chen said the trade war provoked by the United States is ineffective. The United States wanted to fix the problem of trade deficit but its trade deficits to China, European Union and other economies rose rather than fell. In addition, the corresponding industry chain restructuring did not benefit the U.S. either. Auto makers Tesla and Ford are moving to the Chinese market instead.

The exchange rate of Chinese currency yuan was generally stable in Q1, also contributing to the stable growth, he added.

Highlighting the passage of the Foreign Investment Law at the National People's Congress -- China's legislature - in March, the deputy central bank chief said that subsequently, relevant laws and regulations will be revised in line with the principle of competitive neutrality.