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The Changjiang (Yangtze) National Shipping Group Co Ltd has spent three million yuan (4,000) to modify a freighter, code named 8303, to enable dual fuel. The ship carries 20 cubic meters of liquefied natural gas.

The China Banking and Insurance Regulatory Commission has also limited commercial bank's risk exposure to avoid systemic risk. A commercial bank's risk exposure to an interbank client shall not exceed 25 percent of its tier-1 capital, according to a document released by the regulator on Friday.

The China Banking and Insurance Regulatory Commission will deepen reforms for small and medium-sized banks and initiate more steps to mitigate financial risks, a top regulatory official said on Wednesday.

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The China Securities Regulatory Commission said Friday that it had approved applications from seven domestic and overseas companies to issue a combined 50 billion yuan in Belt and Road bonds to fund the initiative.

The Caixin services Purchasing Managers' Index reached a four-month high of 52.9 in May, indicating stable economy and strong corporate confidence in the world's second-largest economy.

The China-Laos railway, linking Kunming in Southwest China's Yunnan province with Laos' capital city Vientiane, is the first overseas railway project that is mainly invested, constructed, operated by China, and linked to the Chinese railway network since the launch of the Belt and Road Initiative.

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The Chinese embassy in the United States said "any disputes and differences between the two countries should be solved through dialogues and consultations."

The Chinese mainland urged the United States to abide by the one-China policy and the three China-US joint communiques, and cautiously and properly handle the Taiwan issue.

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The Chinese economy is transitioning from a phase of rapid development to a new stage of high-quality development, with a key focus on ensuring the free and orderly flow of production factors from technology, data and capital.

The China National Tourism Administration (CNTA) Friday said tourism will remain a magnet for private capital, predicting direct investment will jump more than 20 percent from last year to 1.5 trillion yuan (8.07 billion) this year.