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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 top legislature on Friday suggested governments at each level should increase supervision of seed management and planting in a move to improve food security.

Chinalab was founded in October 2016 jointly by The Central Times, a daily newspaper in ROK, and Naver, the country's largest portal. The lab also runs a China channel on Naver to provide information on China's economy, society and culture in Korean language, which has more than 1.5 million subscribers.

China's trade with countries and regions participating in the Belt and Road Initiative totaled 5.83 trillion yuan for the January-August period, up 9.9 percent year-on-year, 6.3 percentage points higher than the overall pace, said the GAC, adding that the amount accounted for 29 percent of China's total trade volume.

China's social asset totaled 1210 trillion yuan by the end of 2016, according to China's National Balance Sheet 2018. [Photo/IC]