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China's General Administration of Customs says China-Russian trade in the first half of the year was worth .16 billion, 5.6 percent less than in the corresponding period last year. The value of China's exports to Russia was .94 billion, 6 percent less than in the corresponding period last year, and imports were worth .22 billion, down 5.3 percent.

China's case is not well received by the United States. With deep-rooted strategic mistrust toward China, US politicians have failed to catch up with China's understanding of cooperation and adopted an increasingly protective and isolationist approach.

China will tackle soil pollution by promoting a basic strategy, including issuing a plan for a soil quality census and conducting pilot projects, Li Ganjie, minister of environmental protection, said. "Soil pollution is closely related to food security," he said at a news conference during the 19th CPC National Congress, adding that progress has already been made in curbing pollution. For example, the ministry has issued standards for farmland as well as a work plan for a national soil quality census, which could help present a thorough picture to decision-makers for better pollution controls, Li said.

China's central bank carried out mock transactions using digital fiat currency with some commercial banks in June, a step aimed at exploring tech challenges involved in using government-backed digital money, according to central bank officials.

China's banking and insurance regulator announced on Sunday it had given approval to Industrial and Commercial Bank of China Ltd, the country's largest State-owned commercial lender by assets, to establish a wealth management subsidiary.