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China has made progress in poverty alleviation by providing employment opportunities, senior officials said at a news conference in Beijing on Thursday.

China has become a major player on the IP front in a matter of decades, thanks to its continued efforts to foster, protect and utilize IP.

China has adopted a range of measures to manage debt risks and push forward reform in recent years, including introducing a new high-level committee on financial stability and development in July.

China has never manipulated its currency, Geng said, adding that the conclusion reached by the US on Monday is in line with the facts as well as international consensus. China has clarified many times that it will not engage in competitive currency devaluation, he said.

China has become the largest source of foreign capital in countries such as Laos, Cambodia, Pakistan and Uzbekistan, according to the ministry.