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China posted GDP growth of 6.9 percent in Q2, flat with the previous quarter and above the government's annual growth target of around 6.5 percent.

China rebutted on Friday the United States' allegation that "Chinese personnel in Djibouti used lasers to target US aircraft and injured American pilots", saying it is not true.

China launched a new round of debt-to-equity swap programs in 2016, aiming to reduce debt ratios by allowing creditors to take equity stakes in place of debt repayments, to avoid pushing debtors into default.

China needs to continue its pivot toward domestic demand-driven growth. The country is improving its domestic demand system in an open environment, so dual circulation - domestic and international - should not be severed.

China will better facilitate crossborder trade and investment with new measures including improving foreign exchange management and further streamlining regulatory requirements, with a view to attract foreign investors with a more enabling business environment.