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China will definitely safeguard the legitimate rights and interests of its businesses, and Trump's executive order is not a "constructive and friendly" gesture, Foreign Ministry spokesman Lu Kang said on Thursday.

China's State Council has asked the country's big commercial banks to set up "inclusive finance" departments by the end of the year to offer small businesses and low-income households financial services at affordable costs.

China's central bank will provide additional liquidity to help commercial banks meet capital adequacy requirements and ease lending concerns.

China's central bank pledged in its first-quarter monetary policy report that it will step up counter-cyclical adjustments to support the real economy, make the prudent monetary policy more flexible and appropriate, and continue to deepen the reforms of the market-oriented interest rate and the yuan exchange rate formation system.

China's bike-sharing pioneers are gearing up to compete globally, with arch-rival Mobike previously telling Bloomberg News it wants to enter 100 cities with several foreign locations already in the works. But the flood of bikes has led to angst among China's local governments and anger from residents. The services typically allow users to park the bikes wherever they like, jamming up the sidewalks.