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China will strengthen communication and cooperation with all parties in science and the technology field, including 5G, Geng said.

China's GDP growth slowed to 6.3 percent year-on-year in the first half of this year. Consumer price index rose to 2.8 percent in August. The ADB forecast that the whole-year CPI growth will reach 2.6 percent this year, still lower than the country's inflation control target of 3 percent.

China's car parc - the number of cars and other vehicles used in a region or market - is far lower than that of the developed countries. In the medium and long term, China's population, economy and residents' income will keep increasing, so there is still room for growth, he added.

China's banking and insurance sectors will forgo part of their profits this year to stabilize the real economy by lowering lending rates, comprehensive financing costs and insurance premiums for companies, and they will offer some free consulting services to small businesses, said Xiao Yuanqi, chief risk officer of China's top banking and insurance regulator.

China will not be intimidated by US attempts to obstruct it advancing Hong Kong national security legislation, Foreign Ministry spokesman Zhao Lijian said on Tuesday, adding the country will take necessary countermeasures in response to sanctions the US announced on Monday. The US is halting defense exports and restricting Hong Kong's access to high-technology products.