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China Merchants Bank, one of the country's biggest, was fined more than 65.7 million yuan (.3 million) for 14 violations, including guaranteeing principal on some wealth management products, the regulator said in an online statement on Friday.

China allows two children for all couples - a policy adopted at the beginning of 2016. But the number of births has continued to fall since 2017, partly because of women's concerns about the time and energy required to take care of babies.

China and Russia are going to expand practical cooperation in the Arctic, including in oil and gas exploration and infrastructure construction, the Ministry of Commerce said Thursday.

China and the United States formally signed their phase-one economic and trade agreement in Washington on Wednesday, with Chinese Vice Premier Liu He and US President Donald Trump inking the papers in the White House.

China also welcomes the participation of foreign enterprises in the process, if they are interested, he said.