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China will try to establish a trading platform in Beijing to better commercialize technologies, and promote the capital city as a "new highland" of securities industry opening-up, a top securities regulator said on Thursday.

China would like to see the establishment of an East Asian economic community through deeper pragmatic engagement and a sustained drive focusing on regional connectivity, free trade, financial cooperation and sustainable development, Vice-Foreign Minister Liu Zhenmin said on Friday.

China's biggest electric carmaker BYD launched an unmanned driving system for its monorail in Yinchuan, capital of the Ningxia Hui autonomous region, Jan 10, 2018.[Photo provided to chinadaily.com.cn]

China will unveil a three-year plan to boost the development of the industrial internet, a frontier where countries around the world are scrambling to establish a beachhead, top officials said on Friday.

China's bad loans inched up amid the outbreak and may continue to rise in the second quarter, said Xiao Yuanqi, chief risk officer of the China Banking and Insurance Regulatory Commission, adding that the country has taken measures to mitigate these risks.