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China will work to further reduce financing cost of MSEs, with an aim to increase outstanding loans offered by five large State-owned commercial banks — the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications — to MSEs by more than 30 percent this year compared with 2018, according to a State Council executive meeting chaired by Premier Li Keqiang last week.

China's A-share market is expected to embrace an overseas investment totaling in a range between billion and 5 billion this year, while its corporate bonds will see an inflow of 0 billion to 0 billion by 2030, said Morgan Stanley's report.

China would like to work with ASEAN countries, including Indonesia, to promote ties and regional peace, stability and development, he said.

China's Commerce Ministry said on Thursday that the country does not want an escalation of trade friction with the United States.[Photo/VCG]

China's ODI had seen rapid growth over the past decades, but authorities have set stricter rules in recent years and advised companies to make investment decisions more carefully.