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China's central bank took targeted monetary policy measures on Monday to calm stock market and fill the liquidity gap for small and medium-sized banks, building a cushion to stabilize economic growth amid trade tensions.

China will make further progress in supply-side structural reform, accelerate the building of a country of innovators, deepen reform in fundamental key areas, and take tough steps to forestall and defuse major risks, carry out targeted poverty alleviation, and prevent and control pollution, said the statement.

China will step up the protection of intellectual property rights and bring its business environment in line with market principles, the rule of law and international standards, he said.

China's ambassador to Kenya, Liu Xianfa, and other embassy officials applaud as they join performers on stage at the end of the gala. [Photo by Liu Hongjie/chinadaily.com.cn]

China's GDP growth is likely to moderate somewhat in the coming quarters due to the property slowdown, but growth is still expected to be 6.5 percent or above, said Zhou.