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China's city banks were formerly urban credit cooperatives, and unlike big commercial banks, they mainly serve small businesses and the regional economy.
China's growing reliance on spot purchase means importers will play an increasing role in balancing the global LNG markets and moving international prices, he said.
China's exports of goods rose 17 percent year on year in September, higher than August's increase of 7.3 percent. Total exports in the first nine months of this year rose 6.5 percent, customs data showed Friday.
China's oil giants have stepped up efforts to ensure fuel supplies along the roads and insurance companies have initiated emergency response procedures for settlement of claims.
China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.15 trillion yuan (.6 trillion), data from the National Bureau of Statistics (NBS) showed.