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HSBC analyst Qu Hongbin also warned that deflationary risk is still lingering, and called for further policy easing to boost domestic demand.

Li urged business people from both sides, as "participants, promoters and the biggest beneficiaries of cross-Strait exchange," to firmly safeguard the political foundation for the peaceful development of cross-Strait relations and deepen cross-Strait economic ties so as to increase benefits for people from both sides.

The wind will will whip up sand and dust in Inner Mongolia and Xinjiang.

"The U.S.-Philippines cooperation should not target third parties, harm the sovereignty or security interests of other states or hamper regional peace and stability," Foreign Ministry spokesperson Hua Chunying said at a regular press briefing.

First, we accelerated the reform of the budgetary management system. We transferred local educational surcharge and ten other items from the budgets of government-managed funds into general public budgets. We drew up management regulations for the budgets of central state capital operations, transferred more funds from such budgets into general public budgets, and established a mechanism for making transfer payments from the budgets of central government state capital operations to the budgets of local government state capital operations. We moved forward with medium-term financial planning. We made further progress in organizing and integrating special transfer payments, cutting the number of items from 150 in 2014 to 96 in 2015. We established a standardized mechanism for local governments to secure financing through bond-issuance, placed local government debt under budgetary management by category, and imposed ceilings for such debt. All local government bonds are now issued and repaid by their respective provincial governments. We enacted regulations and operational guidelines for the preparation of government financial reports, published basic principles on government accounting, and revised the general fiscal budget accounting system.