Further, credit card loans that were more than six months overdue hit 78.86 billion yuan at the end of last year, accounting for 1.16 percent of the total outstanding credit loans.
Gao said each country has the right to probe foreign investment in sensitive sectors, but that power should not be used as a tool to implement protectionism.
Fuxing, also known as "Rejuvenation", is China's self-developed new generation of bullet trains. Last September, the speed of Fuxing was increased to 350 km/h on the Beijing-Shanghai high-speed railway line and has become the world's fastest operational train service.
Gao Feng, spokesman of the Ministry of Commerce, said the ministry this year will continue to promote reform in FTZs, reduce the negative list of foreign investment in the pilot FTZs, improve the quality of FTZs development, and promote more specific and systematic reform experiences nationwide.
Gao's speech focused on a series of critical decisions that the Party congress made to prepare China for a new era and "turn China into a modern socialist state that is harmonious and beautiful."
Furthermore, since the disastrous 2008 blizzards, weather authorities nationwide have promoted better forecasting technologies, and improved the emergency information exchange system, he said.
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Galanz's sales revenue in the North American market, for instance, jumped 20 percent year-on-year in the first four months of this year. During this period, sales of its refrigerators and microwave ovens showed the most impressive growth, surging more than 100 percent and 70 percent year-on-year respectively.
Fu Ying, chairperson of the Foreign Affairs Committee of the National People's Congress, made the prediction in a paper published on Brookings Institution's website on Sunday.
Gao Yunlong, chairman of the All-China Federation of Industry and Commerce, said that Hong Kong, leveraging on the motherland and facing the world, is the most important international financial, aviation and transportation, and trading center, and a popular arbitration center. It can fully utilize its advantage to provide different corporations with services and talent in areas such as trade, investment and law.
GUANGZHOU - China's white goods (including components) export reached a record high last year, according to a report issued by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products Thursday.