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China expressed encouragement for "positive signals" the United States has sent over the Korean Peninsula nuclear issue, and called for concrete action to fulfill its "Four Nos" promise.

China decided in late April to reform ChiNext and replace its approval-based IPO system with a registration-based one, introducing a series of measures in a bid to better cultivate new industry start-ups and bolster the real economy.

China has pledged a more proactive and effective fiscal policy in 2017 to support economic growth, with the government fiscal deficit set at 3 percent of GDP, or 2.38 trillion yuan for the year, an increase of 200 billion yuan year-on-year.

China has always attached importance to Europe and pursues a positive policy toward the continent, he said.

China firmly opposes those actions under the pretext of "freedom of navigation and overflight" to undermine the sovereignty and security interests of littoral countries along the South China Sea, a Foreign Ministry spokesperson said Friday.