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China's Ministry of Commerce said Thursday that the two sides will resume senior-level trade talks in Washington DC in October, raising hopes of an end to the tit-for-tat trade war that continues to unnerve the global economy. The US stock market rallied Thursday in response.

China will push forward proactive fiscal policy, especially in the form of further tax cuts, and strengthen government expenditure to ease economic downward pressure amid Sino-American trade tensions, Finance Minister Liu Kun told China Daily in an interview on Thursday.

China will likely tighten monetary policy next year while increasing policy flexibility to ensure sufficient credit supply and to prevent overtightening from hurting the economy, economists said on Thursday after the US Federal Reserve rate hike.

China will pour more resources into promoting telecom universal services, as part of a massive push to reduce the digital divide between rural and urban residents, the country's top industry regulator said on Thursday.

China's GDP growth stood at 6.8 percent in the third quarter and 6.9 percent in the first three quarters, higher than market expectations.