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China's economy is expected to stabilize in the fourth quarter, as positive factors will drive a rebound for the economy, said experts and officials.
China's move was in response to the White House announcing earlier Friday it would impose on July 6 25 percent tariffs on about billion of Chinese products on a list that was previously published.
China's current account surplus to GDP ratio was 0.4 percent last year.
China's economy expanded by 6.9 percent in the first half of 2017, with consumption and services, together with new innovation-driven economic sectors, taking up larger roles. In light of the strong data and expectations of continued fiscal support, the IMF in July revised China's growth forecast upward to 6.7 percent for 2017 and 6.4 percent for 2018.
China's fiscal revenue rose slower in August amid tax cut measures and weaker economic dynamics, official data showed. Experts expected fiscal revenue to rebound this year after stimulus policies take effect.