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Chinese President Xi Jinping and his ROK counterpart Moon Jae-in agreed to advance bilateral relations to ensure the long-term stability of their ties during Moon's state visit to China in December.

China's steelmakers should avoid expanding production capacity continually, setting the scene for a subsequent decline in price in the second quarter, with excessive inventories, experts have warned.

China's services sector activity expanded at its fastest pace in more than three years last December, which analysts said signals stable growth in the world's second-largest economy.

China'smobile walletAlipaycontinues to tap its business to increase itsinternationalacceptance network, as it finalizes an agreement to enable all local taxis inSeoul to accept its payment starting next year.

China's trade with the European Union rose 8.7 percent to 4.1 trillion yuan, accounting for 14.7 percent of China's total trade volume. Trade with the United States increased 7.2 percent to 3.83 trillion yuan, or 13.7 percent of the total.