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China-India cooperation benefits not only the two countries, but also Asia and the world, Wang said.

China's prudent monetary policy will be neither too tight nor too loose, said a statement issued Monday after a State Council executive meeting.

China’s foreign trade is expected to maintain its momentum this year, since the government already lowered the value-added tax on imports as well as taxes on vehicles and auto parts, medicines and consumer goods earlier this year, said Sang Baichuan, a professor of international trade at the University of International Business and Economics in Beijing.

China's treasury cash is held at the PBOC, the country's central bank, but commercial banks also look after a part of the savings in the form of short-term deposits. Eligible commercial banks compete through a tender process for the right to take on the deposits.

China’s Beidou Navigation Satellite System has been playing an important role in the country’s billion space-based positioning and navigation business, according to a report published on Friday.