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China will deepen international energy cooperation and push ahead with major projects as the country works with others in promoting the Belt and Road Initiative, Han said.

China's Ministry of Commerce issued a warning the following day and also announced a plan for reciprocal tariffs on imported US products worth about billion, targeting 128 categories of US products including pork, wine and seamless steel tubes.

China's banking and insurance regulator issued draft rules on commercial bank's online lending business on Saturday, in an effort to satisfy the financing needs of residents and small businesses and reduce financial risks.

China's State-owned energy giants are ramping up raw material supplies that are key to produce protective products against the novel coronavirus, to help ease the shortage of medical supplies.

China will resolutely defend its interests even as it expects a positive outcome from the upcoming China-US trade talks through efforts from both sides, the Ministry of Commerce said on Thursday.