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China released a host of financial opening-up measures last week, partly to attract more institutional, long-term investors into China's capital market.

China set the tone of its monetary policy in 2017 as prudent and neutral, keeping an appropriate liquidity level but avoiding excessive liquidity injections.

China relied on New Zealand for its cheese imports before it cut the tariff on US cheese, but China's cheese demand has increased more than seven-fold over the last 10 years to 100,000 metric tons, according to Milk Magazine, and the country is looking to other markets. With the tariff now at 8 percent, US producers can be much more competitive in the Chinese dairy market.

China put a visa-free policy into force on May 1 this year, which allows visitors from 59 countries to enter Hainan Province and stay there for 30 days visa-free.

China will comprehensively reform how fire control departments operate by devoting more effort to effective supervision while streamlining administration and delegating powers, according to the country's top emergency management authority.