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China's industrial output posted steady growth in the first two months of this year, up by 7.2 percent year-on-year, 1 percentage point higher than in December, official data showed Wednesday.

China's city commercial banks recorded 32.9 trillion yuan in total onshore assets by the end of August, up 7.9 percent year-on-year, accounting for 12.9 percent of the industry's total.

China's foreign exchange reserves slipped to .125 trillion at the end of April, down by about billion or 0.57 percent from March, officials announced on Monday.

China's economic and technological strength, and its composite national strength will rise significantly by 2035, and it will also make major progress in developing core technologies in key areas and become a global leader in innovation, according to a communique released after the four-day Fifth Plenary Session of the 19th Central Committee of the Communist Party of China.

China's leadership offers solid backing and policy support for the internet industry and sharing economy. A big positive in this regard is the Chinese government's rich experience in formulating industry-friendly policy. This offers a strong reference point. Governments the world over should learn from it.