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Car sales in China remained sluggish in the first half of this year after a weak performance in 2018, registering a 12.4-percent drop year-on-year, according to data from China Association of Automobile Manufacturers.

Chan also added that Hong Kong's financial market and banking system remained stable. "We will keep monitoring the market and implement further measures if necessary to ensure stability," he said.

Carter considers Africa a good place for the US and China to seek bilateral cooperation.

Cardinal Operations

Chairman Zhou Qiang said the group will accelerate reform of its overseas business management system and mechanism, adjust business structure and optimize its business model to push this strategy. It is a practical move for the company to enlarge its sales network to supply more of China's aviation fuel to airlines across the world, Zhou said.