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China has made it clear that it will not engage in beggar-thy-neighbor currency devaluation, and will continue to improve the exchange rate formation mechanism of its currency, and keep the exchange rate generally stable on a reasonable and balanced level to promote a stable global economy.

China has always taken ASEAN as a priority in its foreign diplomacy and has always supported ASEAN in taking a central role in regional cooperation and a bigger role in dealing with international and regional affairs, Wang said.

China has 98 SOEs centrally administered by the State-owned Assets Supervision and Administration Commission, whose aggregate profits exceeded 1.4 trillion yuan (4.6 billion) for the first time last year, up 15.2 percent from a year earlier.

China currently has 98 centrally administered SOEs. They gained a total of 1.4 trillion yuan (8 billion) in profit in 2017, up 15.2 percent year-on-year.

China has been the world's major buyer of industrial robots since 2013, according to the International Federation of Robotics.