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China's foreign exchange reserves rose to a six-month high of nearly .11 trillion by the end of December, supported by stronger exports and stable capital inflows amid the financial opening up , according to data released by the foreign exchange regulator on Tuesday.

China's international balance of payments maintained a basic equilibrium with both the current account and non-reserve financial account in surplus, the newly-released data showed.

China's first STEAM education textbook, "Design Thinking for Our Sponge Community", was published on Tuesday. Short for science, technology, engineering, arts, mathematics, STEAM represents a paradigm shift away from the traditional education approach based on standardized test scores. Popular in the United States, STEAM is a contemporary approach to schooling that values teaching the learning process as well as facts and figures.

China's economic transformation will continue to drive domestic demand and market expansion. For the United States, China is a great investment market which is still expanding, Wang said.

China's iron and steel business is scaling back on over production and clamping down on pollution.