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China is likely to achieve its goal of reducing coal capacity by 500 million metric tons well ahead of the planned three to five years target, said Jiang Zhimin, vice-president of the China National Coal Association.

China is being forced to react to protect its legitimate interests but in doing so it is also championing rules-based trade, as the Trump administration has resorted to domestic laws to target Chinese goods with tariffs, a move that runs roughshod over the international trade rules of the WTO.

China has the world's largest currency reserve, which rose for a sixth month in July to hit .1 trillion, increasing .9 billion from a month earlier, according to the central bank.

China is briskly pushing forward 5G technology, with government support and huge investment from tech giants. The world's largest 5G test field with about 30 telecom base stations was established in Beijing's Huairou district.

China is the world’s leading mobile payment market. In 2016, the value of mobile payments rose 46 percent from a year earlier to 157.55 trillion yuan (.8 trillion), according to the country's central bank.