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China will advance supply-side structural reform next year, with more efforts to improve the quality of economic growth, promote innovation and foster new growth drivers, according to a statement released after the annual Central Economic Work Conference last week.

China remains committed to denuclearizing the Korean Peninsula, maintaining peace and stability there and resolving problems through dialogue and negotiation, Foreign Ministry spokesperson Hua Chunying said at a regular news briefing.

China saw stable and balanced cross-border capital flow and transactions in 2017. At the end of December, the country's foreign exchange reserves rose for the 11th month in a row to .14 trillion.

China must separately develop open, stable and safe industrial and supply chains in both international and domestic markets to prevent unexpected risks. If these two chains are successfully built, China will be able to become a driving force behind the recovery of the global economy.

China will be committed to the promises on exchange rates made at all G20 summits and abide by a market-determined exchange rate system, the PBOC governor Yi Gang said Monday.