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China's GDP growth may moderate to 6.2 percent year-on-year this year due to slowing exports and dampened investor confidence as trade tensions escalate, said a report published by the Asian Development Bank on Wednesday.

China's Cybersecurity Law has a chapter dedicated to the regulation of industry insiders, and makes clear their responsibility for protecting users' privacy.

China's asset management industry boasts a giant market and high growth potential, providing numerous opportunities for foreign financial institutions, Zhang said.

China won a WTO ruling in 2016 in a dispute on certain methodologies applied by the US during its anti-dumping proceedings. The ruling was later confirmed by an appeal last year. However, China considers that "no substantive effort and progress has been made" by the US to fulfill its implementation obligation.

China will continue to support Nepal in safeguarding its national independence, sovereignty and territorial integrity, Xi said, adding that China supports Nepal in selecting the development path that fits its own situation.