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Based on bank-calculated quotes made by adding a few basis points to the interest rate of open market operations (mainly referring to the MLF rate), the LPR is calculated by the NIFC to serve as a pricing reference for bank lending. The LPR currently consists of rates with two maturities -- one year and over five years.

Based on that domestic support, the measures have been put into effect. The Chinese Ministry of Finance on Monday announced a 15-percent tariff on 120 items from the United States including fruit, and a 25-percent tariff on eight items including pork.

Battling the downward trend in the Chinese vehicle market, the German premium automaker delivered 723,680 BMW and MINI-branded vehicles, up 13.1 percent year-on-year, topping the list of premium vehicle companies in the country.

BYD Auto's overall market share hit 13 percent by the end of 2016, while its electric vehicle sales topped the world's new energy market once again. As a leader in the field, more than half of the company's new energy vehicles were sold in cities that do not restrict conventional vehicle plate registration, and its products have been delivered to more than 200 cities in 50 countries and regions.

Backed by strong business and political ties, China had signed 2,183 technology import contracts with Austria with a total contract value of .08 billion by the end of 2017, data from the Ministry of Commerce show.