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China-Africa trade surged 16.8 percent year-on-year to .8 billion in the first quarter of the year, thanks to their deepening cooperation, said a spokesman for the Ministry of Commerce.

China's top chipmaker Semiconductor Manufacturing International Corp said on Thursday that any possible effects of the US government restrictions on its business are "controllable", after reporting a record growth in third quarter revenue.

China's top banking regulator issued draft guidelines on Friday, with the aim of leading banks to strengthen data governance to ensure the authenticity, accuracy and comprehensiveness of data for better risk management.

Chinese President Xi Jinping (L) holds talks with Rwandan President Paul Kagame in Kigali, Rwanda, July 23, 2018. [Photo/Xinhua]

China, the largest crude and gas importer worldwide, imported 440 million tons of crude oil in 2018, a year-on-year increase of 11 percent.