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China has tightened scrutiny of overseas investment by State-owned enterprises, ordering them to improve investment decision-making, strengthen internal auditing and carry out responsible due diligence, according to a guideline issued by the Ministry of Finance on Wednesday.

China is now the world's second largest catering market after the United States, with total revenue topping 4.2 trillion yuan (6.5 billion) last year.

China is stepping up efforts to build charging poles and thereby foster its new energy car sector, as the nation is phasing out the decadelong subsidies on such vehicles' production and sales, according to officials.

China is consistently one of the US largest export markets. Last fiscal year, US exports of agricultural and related products topped billion.

China is ASEAN's largest trade partner, and ASEAN is China's third largest partner. Trade between the two rose 13.8 percent to 4.8 billion last year.