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The upward trend in turn boosted industrial profits and economic activities, which helped drive growth in tax revenues, according to the ministry.

The war on financial risks will continue this year in China, with renewed efforts to crack down on shadow banking activities and further rectification of financial irregularities, said the head of the nation's banking regulator.

The value-added output of new energy vehicles and solar cells grew 34.6 percent and 20.1 percent, respectively.

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The value of the country's AI-related industries is expected to reach more than 150 billion yuan (.7 billion) by 2020, 400 billion yuan by 2025 and 1 trillion yuan by 2030, according to goals laid out in the plan.

The vehicle completed 13 dives in October and November, eight of which exceeded a depth of 10,000 meters, including a national-record depth of 10,909 meters on Nov 10.

The visit starting in August last year by Trudeau, son of former Canadian prime minister Pierre Trudeau, who established Canada's diplomatic relations with China in 1970, was regarded as important in terms of turning a new page for bilateral ties.

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The volume and value of the daily trade both surpass the average level of last year.

The withholding tax, whose rate in China is 10 percent, will be exempted for profits earned by foreign companies in China if the profits are used to reinvest in another project, instead of being transferred to the home country, said Wang Jianfan, director of the department of tax policies of the Ministry of Finance.

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The website has pooled information of about 770,000 legal service agencies and 1.39 million legal workers, and has provided over 1.8 million inquiries so far, Xiong said.

The visiting officers will help address safety issues concerning Italian tourists. In accordance with bilateral cooperation document, they will not carry firearms or police weapons but will assist Chinese police with advices.