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BEIJING, Aug. 8 (Xinhua) -- The China Earthquake Administration has activated level-I emergency response procedures following a 7.0-magnitude earthquake Tuesday in Jiuzhaigou County in southwest China's Sichuan Province.

He said other countries like Japan had also begun mining combustible ice, but operations were suspended due to a significant amount of sand entering the production wells.

"We must make sure the policies cutting fees and taxes are fully implemented. Government supervision should be in the form of standardized random check, which is more of an international practice and more effective," he said.

Having said this, joint efforts are still needed in order to scale up mutual investment and speed up SME cooperation. We need to strengthen the traditional areas of economic cooperation including China's import of oil, gas, coal, electricity and lumber and other major commodities; we need to expand the use of local currencies in our business ties; we need to implement the agreed investment projects; we need to make full use of the platforms offered by such events as the China-Russia Expo, St. Petersburg International Economic Forum and Eastern Economic Forum; and we need to unlock the potential of sub-national and border area cooperation through the Yangtze River - Volga River and China's northeast - Russia's far east mechanisms.

The ongoing economic transition and structural reform sparked optimism on China's future growth outlook.