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Due to laws and regulations, and the compensations given to outdated capacity, it is relatively easy to shut down zombie enterprises, or operations that are illegal or substandard, but it is difficult to close down undesirable inefficient capacity, especially as prices of coal and steel have risen, Xu said.

Douyu International Holdings Ltd, China's leading video game livestreaming platform, fizzled after its trading debut on the Nasdaq. It is the largest listing by a Chinese company in the United States this year.

Duke basketball Coach Mike Krzyzewski said it was unclear how long Williamson would be out due to the injury.

During a visit to Hangzhou, Zhejiang province, on Wednesday and Thursday, Li underlined the role of cross-border e-commerce in enabling more businesses to take part in international trade.

Doug Watkins, chief executive of the East Asian-Australasian Flyway Partnership Secretariat, praised China's increasing consciousness in protecting its ecological environment over the past three decades. "The concept of ecological civilization is really making a major difference in China," said Watkins.