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China launched the crude oil futures trading, which is open to overseas investment, in March 2018. 

China is working hard to build a more integrated global community. Sei, who is also a nonresident scholar with the Shanghai Institute for International Studies, said the Belt and Road Initiative is a clear example of this as it aims to promote tighter economic ties worldwide that are mutually beneficial for all.

China posted GDP growth of 6.9 percent in Q2, flat with the previous quarter and above the government's annual growth target of around 6.5 percent.

China will adhere to the path of socialism with Chinese characteristics. We respect other countries' independent choice of social system and development path. We oppose interfering in others' domestic affairs, no matter in what form. China's development threatens no one. And no country will succeed in any attempt to impinge on China's sovereignty, security and development.

China slammed the Pentagon on Thursday for canceling the Chinese military's invitation to the 2018 Rim of the Pacific Exercise, calling the move rash, unconstructive and futile in changing China's determination to protect sovereignty and maintain regional peace and stability.