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China would score very well on investment, quality of education and speed of technological progress over the past four decades of rapid growth, thanks mainly to the central values that characterize the Confucian culture, which are the importance attached to education and thrift.

China will steadily advance the construction of ongoing projects and start to construct a batch of new projects to fulfill the annual investment target, according to Meng.

China will take fresh steps to tackle technological bottlenecks in crucial electronic components, as it works hard to pursue innovation-driven growth and beef up its manufacturing prowess in the global electronics battlefield, the country's top industry regulator said at the ongoing China Information Technology Expo in Shenzhen.

China's 100,000-station gasolene retail sector is set to transition to the digital age on the back of deepening reform and opening-up, industry insiders said.

China's banks issued a combined 1.1 trillion yuan (0 billion) in new yuan loans in April, increasing by 542 billion yuan year on year, PBOC data showed Friday.