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China hopes to build a group of world-class, role-model, State-owned enterprises that lead in high quality development, said Weng Jieming, deputy head of the State-owned Assets Supervision and Administration Commission, on Saturday during a media conference.

China is a crucial part of the business of major ports in Washington state, a transportation executive told a House of Representatives panel at a hearing on the impact of tariffs.

China is in the process of developing its first e-commerce law, and "social commerce should be governed by that as well", Yu said.

China has set a target of keeping consumer inflation under 3 percent for this year. "Despite the mild growth in CPI in April, we should not worry about the challenge of high inflation," Zhou said.

China is expected to account for more than 100 billion yuan (.47 billion) in the big-data distribution and exchange market by 2020, said Han Han, director of the Engineering Research Center for Big Data Circulation Compliance Assessment. This will come with the support of the National Engineering Laboratory for Big Data Distribution and Exchange Technologies.