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China must pay close attention to the spreading of risks arising from cross-sector and cross-market financial innovation, tighten regulation and strengthen coordination to mitigate potential systemic risks, said an official of the China Banking and Insurance Regulatory Commission.

China responded by announcing on Friday tariffs on up to billion in imports from the US, covering 128 products.

China vowed to keep its prudent monetary policy "neither too tight nor too loose" while maintaining market liquidity at a reasonably ample level in 2019.

China respects the legislative, enforcement and adjudicatory powers of the Arctic States in the waters subject to their jurisdiction, said the the document titled "China's Arctic Policy," issued by the State Council Information Office.

China recently penalized a number of new energy vehicle manufacturers for fraudulently claiming subsidies. As of February, the authorities had successfully retrieved subsidies and imposed penalties of 2.3 billion yuan (3.5 million) in total.