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Prasad told China Daily that there is little evidence that China is intervening substantially in foreign exchange markets to prevent its currency from appreciating further against the dollar.

Powell, appearing last week on CBS's "60 Minutes," denied that pressure from Trump had influenced the Fed's policy shift. Private economists generally agree that a slowing economy and a sinking stock market, which eased Fed worries about any possible stock bubble, were more decisive factors.

President Donald Trump was "aware of this decision and concurs," according to the letter.

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Premier Li Keqiang and Uzbek Prime Minister Abdulla Aripov pledged on Friday to expand bilateral trade volume and encourage more Chinese businesses to invest in the nation.

President Xi Jinping introduced on Tuesday powerful measures, including lowering tariffs on automobiles this year, to open the world’s second-largest economy “wider and wider”.

President Xi Jinping has stressed the significance of construction, maintenance and operation of rural roads in the battle against poverty.

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Postal Savings Bank of China Co Ltd, a large State-owned commercial lender, and Bank of Jiangsu Co Ltd, a regional joint-stock commercial lender headquartered in Nanjing, Jiangsu province, also received the green light this year to issue up to 80 billion yuan and 20 billion yuan of perpetual bonds, respectively.

President Xi Jinping extended on Saturday his wish of a speedy recovery to his US counterpart, Donald Trump, and First Lady Melania Trump.

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President Xi Jinping delivers his New Year's speech on Monday in his office in Beijing. Joint efforts are needed as China faces both opportunities and challenges in 2019, he said. [Photo/Xinhua]

Powell said on Wednesday at a news conference in Washington that the decision to hold interest rates steady was not influenced by Trump’s repeated calls to do so.