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At the same time, several chip companies, including Qualcomm Inc, have filed applications for licenses from the US government to continue shipments to Huawei and are waiting for approval, he said.

At the same time, Chongqing in the southwest of China shaved 4 percentage points of its GDP growth, down to 6.5 percent from 10.5 percent in the same period previous year. And Tianjin's GDP growth rate fell 3.5 percentage points from 6.9 percent in 2017 to 3.4 percent this year, dropping down to the bottom of the ranking list.

At the ordinary citizen level, a stronger yuan would mean a Chinese consumer can buy more of imported commodities using the same amount of local currency. It will cost less to study or travel abroad.

At the China Finance 40 (CF40) Forum over the weekend in Yichun, Heilongjiang province, Zhou said China should attach great importance to expansion of the yuan's global usage, a key measure to defend disruptions from the US-controlled dollar-centered international reserve currency.

At the end of 2016, students at the Bayi school received a letter from President Xi Jinping. In the letter, President Xi said he was very proud of the students' achievements and encouraged everyone to continue to study and love science.