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China is building a "credit society." On July 16, more than 300 Chinese cities jointly released a declaration about enhancing the credit system to improve people's credit rating.

China has urged the United States to refrain from having any official contact with Taiwan, thus harming China-US ties, after the US House of Representatives passed a bill encouraging visits between US and Taiwan officials.

China is ASEAN's main economic partner, especially at a time when developed countries are suffering from a notable downturn, and the nation remains a strong market for ASEAN countries, said Li Yong, vice-chairman of the expert committee of the Beijing-based China Association of International Trade.

China is planning to impose special regulations for a group of systemically important banks (SIBs) to curb financial risks and management failures, according to financial regulators.

China is expected to be the only major economy that will see positive growth this year, according to the projections by the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD) and other international organizations.