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Despite the improved resilience of the global financial system as a result of post-crisis financial reforms, vulnerabilities still remain, and may negatively impact the strength and sustainability of global growth. China applauds and supports the FSB's work in building a safer, simpler, fairer financial system and improving the financial regulation coordination framework. We emphasize the considerable progress made towards transforming shadow banking into resilient market based finance since the financial crisis and welcome the FSB assessment of the monitoring and policy tools available to address risks from shadow banking. We call for full, consistent and timely implementation of agreed reforms, and finalizing Basel III and other unfinished parts of the reform agenda soon, so as to foster a robust and open global financial system supporting investment, trade and growth.

Derksen first visited China in 2007 as a high school student. That three-week trip, which included stops in Beijing, Shanghai and Nanjing in Jiangsu province, left a deep impression of a nation with a unique culture and warmhearted people.

Delayed tax filing and payment of virus-hit taxpayers are exempt from penalties and won't hurt their eligibility to apply for loans, Han added.

Despite seasonal weakening, the Chinese economy is on the right track to meet this year's target, given adequate policy room and steady progress in economic restructuring, officials and experts said.

Derek Duh, Huawei Mobile Kenya marketing head, said that the phone is aimed at appealing to tech savvy and socially fashionable youth as the company looks to increase market share by at least 40 percent.