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China responded immediately to the latest tariff on Chinese imports imposed by the US government under the excuse of an investigation under Section 301 of the Trade Act of 1974 on Friday, arousing wide concerns that a trade war will not only harm the pair's huge bilateral trade but also US companies' confidence in China.

China is willing to further enhance cooperation with central and eastern European countries in areas of economic development strategy and planning, pushing ahead inter-connectivity in infrastructure and cooperation in trade and production capacity, a top official pledged.

China plans to impose new measures to tighten financial discipline, prevent major risks and improve its financial structure in support of steady economic development, according to the central bank governor and financial regulators.

China uses the annual political event to reveal its growth target and key economic agendas, which set domestic and international expectations. It usually also sets out major policy shifts and adjustments.

China this year has had one of its best summer harvests in recent years, and an overall good harvest of grain is likely for the whole year, the Ministry of Agriculture and Rural Affairs said on Friday.