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China also may make more investments in infrastructure, and keep its monetary stance at an appropriate level to stabilize the economy, said Louis Kuijs, head of Asia Economics at Oxford Economics. Policymakers are expected to take further measures that could "include possibly more reserve requirement ratio cuts (to banks' cash reserves), additional support for infrastructure and further cuts in taxes and social security contributions".

China Eastern Airlines employees prepare in-flight meals at a facility in Taiyuan, Shanxi province. [Photo by Zhang Yun/China News Service]

China and the United States reached a consensus on some issues during their high-level trade talks on Thursday and Friday in Beijing, said Xinhua News Agency.

China and the EU should follow the principle of flexibility and pragmatism and meet each other halfway to find an early solution to difficulties in the China-EU Investment Agreement negotiation. A comprehensive, balanced and high-level investment agreement should be reached within this year. On this basis, it is necessary for the two sides to conduct a joint feasibility study on a free trade agreement as soon as possible and launch the free trade process. The two sides should also strengthen macroeconomic policy coordination and conclude the China-EU Cooperation 2025 Strategic Plan at an early date, so as to provide an institutional framework for their all-round dialogue and cooperation.

China accounted for more than 40 percent of capacity growth in global renewable energy in 2016, which was a record year for worldwide clean energy additions, according to a new study.