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China should promote innovation in green finance and expand sources of funding for green finance. [Photo/VCG]

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 still enjoys a huge investment potential thanks to the country's high deposit level, high-quality development and policy support, said the report.

China still has a long list of reform tasks, many intertwined with one another, which when added to global risks like U.S. interest rate increases and protectionism makes policy-making tricky, analysts said.

China on Tuesday launched a nationwide crackdown on the illegal capture and trade of wildlife, expected to run through October.