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China also plans to improve the network. A high-speed railway line linking Beijing to Moscow is on the table. The line will shorten the 7,000-kilomter distance to less than 30 hours.

China Petroleum and Chemical Corp, also known as Sinopec, said it has recorded the country's highest ever daily output of shale gas at 20.62 million cubic meters from its Fuling Shale Gas Field in Chongqing. As an important gas source for the Sichuan-East gas pipeline, the field is expected to produce 6.7 billion cubic meters of shale gas this year and meet the daily gas consumption requirements of over 40 million households.

China and European countries could make joint efforts to push forward the Belt and Road Initiative and enhance cooperation in such areas as maritime exploitation, infrastructure and finance, he said.

China Vanke Co, a leading residential property developer, launched Beijing's first batch of rental housing in the capital's northern outskirts in April. The two types of apartments, sized 90 square meters and 180 sq m respectively, commanded monthly rents of up to 18,000 yuan (,648) and 40,000 yuan respectively, far higher than 6,000 yuan for a 90-sq-m flat nearby. The longest tenure of a lease contract for this kind of home can be 10 years. So, renting a 90-sq-m flat for 10 years could set one back by 1.8 million yuan.

China and Russia have said repeatedly that THAAD's advanced radar is far more powerful than needed to monitor military actions in the Democratic People's Republic of Korea, which the US cited as the reason to deploy it in the ROK. It can penetrate deep into China and Russia.