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Cheng Xiaohe, an associate professor with the School of International Studies from Renmin University of China, said that Kim and Trump's decision to meet again demonstrates that both leaders have realized the necessity of sitting down and making a deal.

Chen Hongwan, director of fiscal and financial affairs for the National Development and Reform Commission, said the default would be penalized in various ways, including a loss of government funds, financing, credit and tax reductions.

Chen said the exchange will develop derivative products of the futures.

Chen said that many regions have eliminated trucks that do not meet National III emissions standards, and provided subsidies to those that do meet the standards. Sales were also boosted by the growth in infrastructure construction projects started since the second half of last year.

Cheng Yu and Zou Shuo contributed to this story.