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China's inexpensive goods have helped keep US inflation at relatively low levels and improved the well-being of its consumers. This has happened despite the fuss about the "huge trade deficit" with China, and concerns that the US stands to lose 0 billion every year, an argument used often to criticize China, Lin said.

China's integrated circuit design and software enterprises will benefit from a new tax-free incentive policy, according to a statement by the Ministry of Finance and State Taxation Administration on Wednesday.

China's first indoor virtual reality theme park has become a popular destination for tourists since opening in the Hengqin New Area in Zhuhai, Guangdong province, on July 31.

China's civil aviation authority asked domestic airlines to temporarily suspend operation of Boeing 737 MAX 8 aircraft after a model operated by Ethiopian Airlines crashed on Sunday.

China's leading electric vehicle maker BYD is planning to found an independent company to run its battery business, which aims to grasp a larger market share in the battery industry at a predicted time of soaring demand for new energy vehicles.